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Oakmont Properties Acquires Multifamily Property In Natomas For $92.3M

4100 Innovator Drive
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This MultiFamily property located in CA was sold for $92,300,000 over 3 years ago. The broker of the deal was Marc Ross

The multifamily property located at 4100 Innovator Dr. in Natomas has been sold for a total of $92,300,000. The transaction took place on December 7, 2020. The property consists of 293 units, resulting in a per unit price of $315,017. The buyer of the property is Oakmont Properties, while AG Spanos Companies acted as the seller. The sale was facilitated by CBRE, with Marc Ross representing the buyer and seller.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $92,300,000
  • Units: 293
  • Per Unit Price: $315,017
  • Date: December 7, 2020
  • Address: 4100 Innovator Dr.
  • Market: Natomas

Marc Ross from CBRE played a significant role in facilitating the sale of this multifamily property. With his assistance, Oakmont Properties successfully acquired the property from AG Spanos Companies.

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Deals
  • Location
    4100 Innovator Drive, Natomas Crossing, Sacramento, CA, USA4100 Innovator Drive, Natomas Crossing, Sacramento, CA, USA
  • Sale Price
    $92,300,000$92,300,000
    $16 PPSF$16 PPSF
  • Area
    5,711,338 SF5,711,338 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    1 Broker, 1 Agency1 Broker, 1 Agency

Agent

Marc Ross

Marc Ross

Deals7
Sold$430.1M

Agency

CBRE

CBRE

Agency
Deals4228
Volume$184.3B

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Deal Summary

[embed] SALE IMAGE: Marc Ross DATE: 12/07/2020 ADDRESS: 4100 Innovator Dr. MARKET: Natomas ASSET TYPE: Multifamily BUYER: Oakmont Properties SELLER: AG Spanos Companies BROKER: CBRE - Marc Ross PRICE: $92,300,000 UNITS: 293 ~ PPU: $315,017

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