Crown Capital Acquires Multifamily Property In Sacramento For $62M
7650 Windbridge Drive, Sacramento, California 95831, United States
$62,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Aug 8, 2022
AI
The sale of a multifamily property at 7650 Windbridge Drive in Sacramento has been completed. The property, consisting of 188 units, was sold for a total price of $62,000,000, resulting in a per unit price of $329,787. The transaction was facilitated by broker Marc Ross from CBRE.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $62,000,000
- Units: 188
- Price Per Unit: $329,787
- Address: 7650 Windbridge Drive, Sacramento
- Market: Sacramento
Crown Capital, represented by broker Marc Ross from CBRE, acquired the property from the seller Bridge Partners.
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
0.26%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93