Updated Oct 29, 2024
Tesseract Capital Group Acquires Multifamily In Sacramento For $24.7M
4930 Polk Street, North Highlands, California 95660, United States
$24,700,000
Units
104
Asset Type
MultiFamily
Closing
Dec 29, 2022
About this deal
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.
The multifamily sale at 4930 Polk Street, North Highlands, California 95660, United States in North Highlands, California sold for $24.7M in 2022. Reported inventory is 104 units across 104 units. Marc Ross, CBRE appear on the sale alongside CBRE. This page is the North Highlands, California file for the 4930 Polk Street, North Highlands, California 95660, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same North Highlands sit in the Market section below. Filter that North Highlands multifamily set by closing date to see what else sold near 4930 Polk Street, North Highlands, California 95660, United States around 2022. Published consideration for 4930 Polk Street, North Highlands, California 95660, United States is $24.7M, dated 2022. Cite this Tesseract Capital Group Acquires Multifamily In Sacramento For $24.7M sale when underwriting similar multifamily product around North Highlands, California.
Players
North Highlands MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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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