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7650 Windbridge Drive, Sacr...

Crown Capital Acquires Multifamily Property In Sacramento For $62M
SOLDMultiFamily

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

Marc Ross

CBRE

Broker

$828.9M

vol

13 deals

Broker
BP
Bridge PartnersSeller

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