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Opportunity Housing Group Acquires 484-Unit Multifamily Property In Pleasant Hill For $304M

637 Stonebridge Way
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This MultiFamily property located in CA was sold for $304,000,000 about 2 years ago. The brokers of the deal were Stanford Jones, Salvatore Saglimbeni, Philip Saglimbeni, and Alex Tartaglia

The multifamily property located at 637 Stonebridge Way in Pleasant Hill was recently sold for a total of $304,000,000. The transaction took place on January 10, 2022. This property consists of 484 units, resulting in a per unit price of approximately $628,099.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $304,000,000
  • Address: 637 Stonebridge Way
  • Market: Pleasant Hill

The buyers of this property were Opportunity Housing Group represented by Lauren Seaver and California Statewide Communities Development Authority. The brokers involved in the transaction were Philip Saglimbeni, Salvatore Saglimbeni, Stanford Jones, and Alex Tartaglia from Institutional Property Advisors, which is a part of Marcus & Millichap.

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Deals
  • Location
    637 Stonebridge Way, Pleasant Hill, California 94523, United States637 Stonebridge Way, Pleasant Hill, California 94523, United States
  • Sale Price
    $304,000,000$304,000,000
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    4 Brokers, 2 Agencies4 Brokers, 2 Agencies

Agents

Stanford Jones

Stanford Jones

Deals5
Sold$696.4M

Agencies

Marcus & Millichap

Marcus & Millichap

Agency
Deals7003
Volume$66B

Institutional Property Advisors

Institutional Property Advisors

Agency
Deals519
Volume$16.9B

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Deal Summary

SALE IMAGE: Salvatore Saglimbeni, Philip Saglimbeni, Stanford Jones & Alex Tartaglia DATE: 01/10/2022 ADDRESS: 637 Stonebridge Way MARKET: Pleasant Hill ASSET TYPE: Multifamily BUYER: Opportunity Housing Group - Lauren Seaver & California Statewide Communities Development Authority BROKERS: Philip Saglimbeni, Salvatore Saglimbeni, Stanford Jones & Alex Tartaglia (Institutional Property Advisors) - Marcus & Millichap SALE PRICE: $304,000,000 UNITS: 484 ~ PPU: $628,099

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637 Stonebridge Way

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