Updated Mar 31, 2025
Caleb Hayes And Tilden Properties Acquire Sacramento Multifamily For $27.32 Million
6050 South Land Park Drive & 3300 Parkside Drive
$27,325,000
Units
170
Asset Type
MultiFamily
Closing
Mar 27, 2025
About this deal
AI
The transaction involved a multi-family asset located at 6050 South Land Park Drive in Sacramento, which consists of 170 units. The property was sold for a total of $27,325,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $27,325,000.00
- Buyer: Caleb Hayes - Parkhills Place Holdings; Greg Tripaldi, David R. Tripaldi, Jr., Jeff Tripaldi & Ryan Crowley - Tilden Properties
- Seller: Gloria Gonzalez - Gloria Gonzalez Revocable Trust; Benedict Canyon Equities
- Date of Sale: 03/27/2025
This transaction was facilitated by the involvement of Caleb Hayes representing Parkhills Place Holdings, along with Greg Tripaldi, David R. Tripaldi, Jr., Jeff Tripaldi, and Ryan Crowley representing Tilden Properties in the purchase. The sellers included Gloria Gonzalez, acting through the Gloria Gonzalez Revocable Trust, and Benedict Canyon Equities, indicating a collaboration of established entities in this real estate deal.
On the Map
$27,325,000
MultiFamily
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Players
Sacramento 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
0.58%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93