Oakmont Properties Acquires Multifamily Property In Natomas For $92.3M

The multifamily property located at 4100 Innovator Dr. in Natomas has been sold for a total of $92,300,000. The transaction took place on December 7, 2020. The property consists of 293 units, resulting in a per unit price of $315,017. The buyer of the property is Oakmont Properties, while AG Spanos Companies acted as the seller. The sale was facilitated by CBRE, with Marc Ross representing the buyer and seller.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $92,300,000
• Units: 293
• Per Unit Price: $315,017
• Date: December 7, 2020
• Address: 4100 Innovator Dr.
• Market: Natomas

Marc Ross from CBRE played a significant role in facilitating the sale of this multifamily property. With his assistance, Oakmont Properties successfully acquired the property from AG Spanos Companies.