Marshall Boyd And Julia Boyd Corso Acquire Summerwood Apartments In Santa Clara For $203.15M

The transaction involved the sale of a multifamily asset located at 444 Saratoga Avenue in Santa Clara, which comprises 468 units. The property was sold for $203,150,000, translating to a price per square foot of $434,081.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $203,150,000
• Address: 444 Saratoga Avenue
• Market: Santa Clara
• Square Footage: 468
• Price Per Square Foot: $434,081
• Buyer: Marshall Boyd & Julia Boyd Corso - Interstate Equities Corporation
• Seller: DWS
• Brokers: Alex Tartaglia, Philip Saglimbeni, Salvatore Saglimbeni & Stanford Jones - Institutional Property Advisors - Marcus & Millichap
• Mortgage Brokers: Brian Eisendrath, Cameron Chalfante, Jake Vitta & Jesse Zarouk - Institutional Property Advisors - Marcus & Millichap

Institutional Property Advisors played a key role in the transaction, successfully brokering the sale and also securing agency financing of $127,820,000 at a fixed interest rate of 5.39% for the buyer.