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December 13, 2017
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Sacramento Res Property Lands New Ownership after $35 Mil Sale

10/11/17

Sequoia Equities LLC closed on a newsworthy NoCal multifamily buy, paying $35 mil for Wolf Ranch, a 17-building, 160-unit ($219k/unit), Class A apartment community in Sacramento. The asset, located at 7200 Jacinto Ave, was sold by the property’s developer, Ken Stevens.

Wolf Ranch consists of one-, two- and three-bedroom units, with an average unit size of 1.2k sf. It was 97% occupied at time of sale.

Built in 2009 with condominium standards and finishes, units at the property boast wonderful amenities such as 9-foot ceilings, granite countertops, Cherrywood cabinetry, full-sized washers and dryers, built-in microwave and dishwasher, private balcony/patio (select units), and assigned parking. Residents can also enjoy community amenities such as a swimming pool and spa, basketball court, children’s play area, fitness center, picnic and barbeque area, and concierge service.

Marc Ross with CBRE represented the buyer in the transaction.

Wolf Ranch is centrally located with convenient access to Highways 99 and I-5, offering direct access to downtown Sacramento and the Bay Area. Healthcare, groceries, parks, schools, college, dining, shopping and entertainment can all be found less than a mile from the property. The property also sits just a few miles from the 1.3 msf Delta Shores retail center currently under construction (featuring tenants such as R.C. Willey, Walmart Supercenter, Dick’s Sporting Goods, and several other national retailers).





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