Tesseract Capital Group Acquires Multifamily In Sacramento For $24.7M
SOLD
$24,700,000
California
See Similar DealsMultiFamily
Sold 12/29/2022
SOLD
Tesseract Capital Group Acquires Multifamily In Sacramento For $24.7M
4930 Polk Street, North Highlands, California 95660, United States
See Similar DealsMultiFamily
Sold 12/29/2022
Summary
CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale
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
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,317,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$87,753.88
Cash-on-Cash Return-1.27%
Monthly Debt Service$117,090.60
Annual Debt Service$1,405,087.22
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