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8/18/17
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Savannah Court, a 195-unit Class B apartment community in Sacramento, was purchased by Pathfinder Partners for $22.425 mil ($115k/unit). Built in 1986, the property is located at 4301-4399 Norwood Ave.
Savannah Court consists of 24, two-story garden-style buildings over 8.92 acres. The property offers studio, one-, and two-bedroom units and boasts high-level amenities such as in-unit washer/dryers, central heat & air, balconies/patios, walk-in closets and gas fireplaces. Residents enjoy various community amenities including a fitness center, business center with free computer use and internet, tennis court, swimming pool and spa.
Savannah Court, located off Norwood Ave in the Natomas submarket of Sacramento, offers a compelling housing alternative to the more expensive submarkets of Roseville and Downtown Sacramento. The property sits adjacent to a grocery-anchored shopping center and less than four miles from the Natomas Marketplace, a regional power center that houses more than 35 stores, restaurants and specialty merchants.
Marc Ross with CBRE represented the seller, VisionWise Capital LLC, in the disposition. Brian Eisendrath, also with CBRE, arranged financing for the buyer in the deal.
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