Updated Aug 13, 2026
Acacia Capital Corp Purchases 304 Unit Multifamily Asset In Redwood City For $184 Million
299 Franklin St.
$184,000,000
Units
304
Asset Type
MultiFamily
Closing
Feb 22, 2025
About this deal
AI
The property involved in the transaction is a MultiFamily asset located at 299 Franklin St., Redwood City, CA. The deal was finalized for a total price of $184,000,000.00 for 304 units within the complex.
Summary of transation details:
- Property Type: MultiFamily
- Transaction Amount: $184,000,000.00
- Address: 299 Franklin St.
- Market: Redwood City, CA
- Units: 304
- Buyer: Acacia Capital Corp.
- Seller: Nuveen
- Date of Sale: 02/22/2025
Acacia Capital Corp. acted as the buyer in this transaction, while Nuveen was the seller facilitating the deal. The transaction represents a significant investment by Acacia Capital Corp. in the Redwood City market.
Players
Redwood 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
0.09%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93