Updated Oct 29, 2024
Oakmont Properties Acquires Multifamily Property In Natomas For $92.3M
4100 Innovator Drive, Natomas Crossing, Sacramento, CA, USA
$92,300,000
$16/SF
Building Size
5,711,338 SF
Asset Type
MultiFamily
Closing
Dec 6, 2020
About this deal
AI
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.
On the Map
$92,300,000
$16/SF
MultiFamily
View full map
Players
Sacramento MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Marc Ross to view all their deals.
Browse California multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93