Updated Oct 29, 2024
Abacus Capital Group Sells 126-Unit Multifamily In Sacramento For $22.5M
941 43rd Ave, Sacramento, CA 95831, USA
$22,500,000
$218/SF
Building Size
102,930 SF
Asset Type
MultiFamily
Closing
Sep 23, 2020
About this deal
AI
The multifamily property located at 941 43rd Ave in Sacramento was recently sold for $22,500,000. The property consists of 126 units, resulting in a price per unit of $178,571. The sale was facilitated by Marc Ross of CBRE on behalf of the seller, Abacus Capital Group.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $22,500,000
- Units: 126
- Price Per Unit: $178,571
- Seller: Abacus Capital Group
- Broker: Marc Ross - CBRE
Marc Ross from CBRE represented Abacus Capital Group in the transaction.
Players
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
0.71%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93