Investor Pays $23.5M For Two Apartment Multifamily Portfolio in Northern California

Ridge Capital Offloads Two Ukiah Apartment Complexes

Ridge Capital sold a two-apartment Northern California portfolio for $23.5 million. No buyer was disclosed. The apartment portfolio includes Sierra Sunset Village, a 68-unit development at 531 Capps Land and the Alderwood Apartments, a 53-unit venture at 1450 S. State Street in Ukiah. Sierra Sunset Village features mostly two-bedroom apartments with open floor plans, stainless steel appliances, hardwood-style flooring and central air conditionin…

Northmarq Arranges $23.5M Sale of Two-Property Multifamily Portfolio in Northern California

UKIAH, CALIF. — Northmarq has arranged the $23.5 million sale of a two-property apartment portfolio in Ukiah. Ridge Capital Investments sold the portfolio to an undisclosed buyer. Totaling 121 units, the portfolio includes Sierra Sunset Village at 505-531 Capps Lane and Alderwood Apartments at 1416 and 1450 S. State St. The 68-unit Sierra Sunset Village features mostly two-bedroom apartments with open floor plans, high ceilings, stainless steel …

Ridge Capital Investors Sells 121-Unit Ukiah Apartment Portfolio for $23.5MM

The deal works out to roughly $194,200 per unit for a pair of renovated communities in a small Mendocino County market where two of the region’s traditional economic anchors, cannabis and wine, have been contracting rather than growing. Northmarq’s Walnut Creek investment sales team, led by Zach LeBeouf and Anthony Pappageorge, brokered the $23.5 million […] The post Ridge Capital Investors Sells 121-Unit Ukiah Apartment Portfolio for $23.5MM ap…

Investor Pays $23.5M For Two Apartment Multifamily Portfolio in Northern California

Northmarq‘s Walnut Creek Investment Sales team led by Zach LeBeouf and Anthony Pappageorge successfully brokered the $23.5 million sale of the Ukiah Portfolio, a 121-unit two-property multifamily portfolio comprising two apartment communities in Ukiah, California. The portfolio consists of Sierra Sunset Village located at 505-531 Capps Ln., Ukiah, California, consisting of 68 units. As well […] The post Investor Pays $23.5M For Two Apartment Mul…