Updated Mar 11, 2025
Bridge Investment Group Acquires Multifamily Property In Suisun City For $72M
831 Pintail Drive, Suisun City, California 94585, United States
$72,000,000
Units
224
Asset Type
MultiFamily
Closing
Apr 13, 2022
About this deal
AI
Bridge Investment Group has acquired a multifamily property in Suisun City for a sale price of $72,000,000. The property, located at 831 Pintail Drive, sits on 10.0 acres of land. The transaction was finalized on April 14, 2022.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $72,000,000
- Address: 831 Pintail Drive, Suisun City
- Market: Suisun City
- Total Acres: 10.0
The seller of the property was FPA Multifamily. Cushman & Wakefield represented the seller in the deal, with Jason Parr, Scott MacDonald, John Hansen, Michael Bissada, and Sydney Ladrech serving as the seller's representatives.
The multifamily property consists of 224 units, with a price per unit (PPU) of $321,430.
Players
Suisun City 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
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93