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3D Investments Acquires Multifamily Asset At 77 North Almaden Avenue In San Jose For $185M

Property Image
SOLD
$185,000,000

California

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MultiFamily
Sold 10/28/2022
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Property Image
SOLD

3D Investments Acquires Multifamily Asset At 77 North Almaden Avenue In San Jose For $185M

77 North Almaden Avenue, San Jose, California 95110, United States

See Similar Deals
MultiFamily
Sold 10/28/2022
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Summary

CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale

The multifamily property located at 77 North Almaden Avenue in San Jose, CA has been sold in a closed transaction. The property consists of 347 units, with a price per unit of $533,141, resulting in a total sale price of $185,000,000. The sale was facilitated by Joseph Daneshgar of 3D Investments, representing the buyers, and the seller was AFL-CIO Building Investment Trust. Poppy Bank provided the financing for the transaction.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $185,000,000
  • Address: 77 North Almaden Avenue, San Jose, CA
  • Market: San Jose, CA
  • Buyer: 3D Investments - Joseph Daneshgar
  • Seller: AFL-CIO Building Investment Trust
  • Lender: Poppy Bank
  • Number of Units: 347
  • Price per Unit: $533,141

Joseph Daneshgar, representing 3D Investments, served as the buyer's representative in this transaction. The sale of the multifamily property at 77 North Almaden Avenue highlights the expertise and experience of the individuals and companies involved in the deal.

Players

BUYER


Details

SOLD
IMAGE: Joseph Daneshgar DATE: 10/28/2022 ADDRESS: 77 North Almaden Avenue MARKET: San Jose, CA ASSET TYPE: Multifamily BUYER: 3D Investments - Joseph Daneshgar SELLER: AFL-CIO Building Investment Trust LENDER: Poppy Bank SALE PRICE: $185,000,000 UNITS: 347 ~ PPU: $533,141

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

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Cap Rate

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