Daniel Shaeffer Of Cottonwood Residential Acquires 285-Unit Multifamily Property In West Sacramento For $108.4M

The multifamily property located at 805 Riverfront Street in West Sacramento consists of 285 units and includes 10,000 square feet of retail space. The property was sold for $108.4 million, resulting in a price per unit of $380,351. This transaction marks the second-largest multifamily sale in the Sacramento region this year.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $108,400,000
• Units: 285
• Price Per Unit: $380,351
• Buyer: Daniel Shaeffer - Cottonwood Residential
• Seller: Tom Scott - CA Ventures

CA Ventures faced prior contractor lien disputes during the completion of the project, which was sold to Daniel Shaeffer representing Cottonwood Residential. This transaction showcases the ongoing activity in the multifamily market within the Sacramento region.