SOLDMultiFamily
Tesseract Capital Group Acquires Multifamily In Sacramento For $24.7M
4930 Polk Street, North Highlands, California 95660, United States
$24,700,000
Building Size
—
Asset Type
MultiFamily
Closing
Dec 29, 2022
AI
The multifamily property located at 4930 Polk St in Sacramento has been sold for a price of $24,700,000. The transaction took place on December 29, 2022.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $24,700,000
- Market: Sacramento
- Units: 104
- Price Per Unit: $237,500
The buyer in this transaction is Tesseract Capital Group, while the seller is OpenPath Investments. The deal was brokered by Marc Ross from CBRE.
Players
North Highlands MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.64%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93