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6250 W Oaks Blvd Rocklin, C...

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

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

Jason Parr

Berkadia

Broker

$699M

vol

12 deals

Broker

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