Cushman & Wakefield Sells 397-Unit Multifamily Development Site In Rocklin To Advanced Building Solutions For $19M
6250 W Oaks Blvd Rocklin, CA 95765, USA
$19,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Jul 20, 2023
AI
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
Los Angeles 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
0.83%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93