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Cushman & Wakefield Sells 397-Unit Multifamily Development Site In Rocklin To Advanced Building Solutions For $19M

Property Image
SOLD
$19,000,000
Sydney Ladrech
Scott MacDonald
John Hansen
+ 2

California

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MultiFamily
Sold 07/20/2023
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Property Image
SOLD

Cushman & Wakefield Sells 397-Unit Multifamily Development Site In Rocklin To Advanced Building Solutions For $19M

6250 W Oaks Blvd Rocklin, CA 95765, USA

See Similar Deals
MultiFamily
Sold 07/20/2023
Sydney Ladrech
Scott MacDonald
John Hansen
+ 2
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale

A 397-unit multifamily development site located at 6250 West Oaks Boulevard in Rocklin was sold for $19 million. The property spans 18.2 acres and is situated near Rocklin and Roseville, reflecting high demand in the Sacramento region's top suburban submarket.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $19,000,000
  • Address: 6250 West Oaks Boulevard
  • Market: Rocklin
  • Acres: 18.2

Cushman & Wakefield facilitated the sale of the multifamily development site to Advanced Building Solutions. The deal involved brokers Jason Parr, Scott MacDonald, John Hansen, Sydney Ladrech, and Brayden Joel. This shovel-ready project in Rocklin reflects the high demand for residential properties in the Sacramento region's suburban submarket.

Players

Jason Parr
Berkadia
Jason Parr
12 deals$699M volume
BROKER
Scott MacDonald
Berkadia
Scott MacDonald
12 deals$699M volume
BROKER
John Hansen
Berkadia
John Hansen
6 deals$310.2M volume(415) 835-9210
BROKER
Sydney Ladrech
Cushman & Wakefield
Sydney Ladrech
6 deals$347.1M volume
BROKER
Brayden Joel
Cushman & Wakefield
Brayden Joel
2 deals$102.5M volume(312) 470-1800
BROKER

Details

SOLD
IMAGE: Scott MacDonald, John Hansen, Jason Parr, Brayden Joel & Sydney Ladrech DATE: 07/20/2023 ADDRESS: 6250 West Oaks Boulevard MARKET: Rocklin ASSET TYPE: Multifamily ~ ACRES: 18.2 BUYER: Advanced Building Solutions SELLER: Tekin Development & Guardian Capital BROKERS: Jason Parr, Scott MacDonald, John Hansen, Sydney Ladrech & Brayden Joel - Cushman & Wakefield (@CushWake) SALE PRICE: $19,000,000 UNITS: 397 ~ PPU: $47,859 NOTE: Cushman & Wakefield sold a 397-unit multifamily development site in Rocklin to Advanced Building Solutions for $19 million. The shovel-ready project is located near Rocklin and Roseville, reflecting high demand in the Sacramento region's top suburban submarket.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,013,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$67,502.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$90,069.69
Annual Debt Service$1,080,836.32