Tesseract Capital Group Acquires Multifamily Property In San Rafael For $32M
SOLD
$32,000,000
California
See Similar DealsMultiFamily
Sold 09/16/2022
SOLD
Tesseract Capital Group Acquires Multifamily Property In San Rafael For $32M
400 Canal Street, San Rafael, California 94901, United States
See Similar DealsMultiFamily
Sold 09/16/2022
Summary
CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale
A multifamily property located at 400 Canal Street in San Rafael was recently sold for $32,000,000. The transaction took place on September 16, 2022. This property consists of 99 units, with an average price per unit of $323,232.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $32,000,000
- Address: 400 Canal Street
- Market: San Rafael
Tesseract Capital Group was the buyer in this transaction. They acquired this multifamily property in San Rafael at a significant price. The deal highlights the strong demand for multifamily properties in the area, with an average price per unit of $323,232. It is clear that Tesseract Capital Group sees great value and potential in this investment.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,706,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$113,689.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$151,696.33
Annual Debt Service$1,820,355.91
Is there something missing? Send suggestions