Updated Oct 29, 2024
Acacia Capital Corp Acquires 540-Unit Multifamily In Pleasanton For $248M
5650 Owens Drive, Pleasanton, CA, USA
$248,000,000
$347/SF
Building Size
713,970 SF
Asset Type
MultiFamily
Closing
Mar 10, 2020
About this deal
AI
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
Pleasanton 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
0.06%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93