Crown Capital Acquires Multifamily Property In Sacramento For $62M
SOLD
$62,000,000
California
See Similar DealsMultiFamily
Sold 08/09/2022
SOLD
Crown Capital Acquires Multifamily Property In Sacramento For $62M
7650 Windbridge Drive, Sacramento, California 95831, United States
See Similar DealsMultiFamily
Sold 08/09/2022
Summary
CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,306,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$220,272.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$293,911.63
Annual Debt Service$3,526,939.57
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