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Acacia Capital Corp Acquires 540-Unit Multifamily In Pleasanton For $248M

Property Image
SOLD
$248,000,000
Scott Bales
Nolan Moore
Max Machiorlette
+ 1

California

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MultiFamily713,970 SF
Sold 03/11/2020
the dealplayerscompscontact
Property Image
SOLD

Acacia Capital Corp Acquires 540-Unit Multifamily In Pleasanton For $248M

5650 Owens Drive, Pleasanton, CA, USA

See Similar Deals
MultiFamily713,970 SF
Sold 03/11/2020
Scott Bales
Nolan Moore
Max Machiorlette
+ 1
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$347
Total Square Footage:713,970 SF
Transaction Type:Sale

Acacia Capital Corp has acquired a multifamily property located at 5650 Owens Drive in Pleasanton. The transaction, which took place on March 11, 2020, was facilitated by JLL brokers Scott Bales, Peter Yorck, Nolan Moore, and Max Machiorlette. The property was purchased from Equity Residential for a total price of $248,000,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $248,000,000
  • Address: 5650 Owens Drive, Pleasanton
  • Market: Pleasanton
  • Units: 540
  • Price Per Unit: $459,000
  • Buyer: Acacia Capital Corp
  • Seller: Equity Residential
  • Brokers: Scott Bales, Peter Yorck, Nolan Moore, and Max Machiorlette

The acquisition of this multifamily property marks a significant investment for Acacia Capital Corp. The property consists of 540 units and is located at 5650 Owens Drive in Pleasanton. The transaction price of $248,000,000 reflects a price per unit of $459,000.

Players

Peter Yorck
JLL
Peter Yorck
10 deals$975.4M volume
BROKER
Scott Bales
Newmark
Scott Bales
2 deals$431.3M volume
BROKER
Nolan Moore
JLL
Nolan Moore
2 deals$431.3M volume
BROKER
Max Machiorlette
Max Machiorlette
2 deals$431.3M volume
BROKER
AC
Acacia Capital Corp
BUYER
Equity Residential
Equity Residential
SELLER

Details

SOLD
IMAGE: Scott Bales, Peter Yorck, Sam Zell & Max Machiorlette DATE: 03/11/2020 ADDRESS: 5650 Owens Drive MARKET: Pleasanton ASSET TYPE: Multifamily PRICE: $248,000,000 UNITS: 540 PPU: $459,000 BUYER: Acacia Capital Corp SELLER: Equity Residential BROKERS: Scott Bales, Peter Yorck, Nolan Moore & Max Machiorlette @JLL

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