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7409 Malakai Circle

Berkadia Brokers $65M Sale Of Cyrene At Fiddyment Multifamily Property In Roseville
SOLDMultiFamily

Berkadia Brokers $65M Sale Of Cyrene At Fiddyment Multifamily Property In Roseville

7409 Malakai Circle

$65,000,000

Building Size

Asset Type

MultiFamily

Closing

Jun 6, 2024

AI

The sale involved Cyrene at Fiddyment, a 152-unit single-family rental community located at 7409 Malakai Circle in Roseville, California. The property was sold for $65,000,000 and boasts detached single-family homes averaging 1,496 square feet. It is situated within a master-planned community with modern amenities, high occupancy of 97 percent, and convenient access to retail, schools, parks, and outdoor activities.

Summary of transaction details:

Berkadia played a crucial role in facilitating the transaction of the property, showcasing their expertise in real estate deals. The involvement of multiple brokers from Berkadia, including Andrew Curtis, Brett Betzler, Jason Parr, Kaohu Berg-Hee, Mark Forrester, and Scott MacDonald, underscores the collaborative effort behind the successful sale.

Players

Jason Parr

Berkadia

Broker

$699M

vol

12 deals

Broker

Roseville 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

0.24%

Cash-on-Cash

-0.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93