Oakmont Properties Acquires Multifamily In Citrus Heights For $120M | 6011 Shadow Lane | Jesse Weber, Andrew Behrens, Marc Ross | MultiFamily | Sale

Summary

Sale

CALIFORNIA

MultiFamily

335,299 sqft

The multifamily property located at 6011 Shadow Ln. in Citrus Heights has been sold for a total of $120,000,000. The transaction took place on August 31, 2021. The property consists of 410 units, with an average price per unit of $292,682.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: $120,000,000
Address: 6011 Shadow Ln., Citrus Heights
Market: Citrus Heights
Buyer: Oakmont Properties
Seller: Kennedy Wilson Fund VI
Buyer's Representative: Andrew Behrens & Jesse Weber - CBRE
Seller's Representative: Marc Ross - CBRE

The buyer of the property is Oakmont Properties, while the seller is Kennedy Wilson Fund VI. Andrew Behrens & Jesse Weber from CBRE represented Oakmont Properties in the deal, whereas Marc Ross from CBRE represented Kennedy Wilson Fund VI. The transaction marks a significant sale in the Citrus Heights market with 410 units changing hands.

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Players

All
4

Agents
3
Agencies
1

$209.8M Sold

$209.8M Sold

Executive Vice President

$430.1M Sold

Details

Deal Summary

SOLD

IMAGE: Marc Ross, Andrew Behrens & Jesse Weber DATE: 08/31/2021 ADDRESS: 6011 Shadow Ln. MARKET: Citrus Heights ASSET TYPE: Multifamily BUYER: Oakmont Properties SELLER: Kennedy Wilson Fund VI BUYER’S REP: Andrew Behrens & Jesse Weber - CBRE SELLER’S REP: Marc Ross - CBRE SALE PRICE: $120,000,000 UNITS: 410 ~ PPU: $292,682

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Address6011 Shadow Lane

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