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Berkadia® is a trademark of Berkadia Proprietary Holding LLC
Investment sales / real estate brokerage business is conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by Berkadia Affordable Tax Credit Solutions. This website is not intended to solicit commercial mortgage company business in Nevada.
In California, Berkadia Real Estate Advisors Inc. conducts business under CA Real Estate Broker Lic. #01931050, Berkadia Commercial Mortgage LLC under CA Finance Lender & Broker Lic. #988-0701, Berkadia Commercial Mortgage Inc. under CA Real Estate Broker Lic. #01874116. For state licensing details for the above entities, visit www.berkadia.com/licensing.
Senior Managing Director
CA DRE# 01323188 (415) 407-2106 jason.parr@berkadia.com
Jason Parr
INVESTMENT SALES
1 Post Street, Suite 1000
San Francisco, CA 94104
NORTHERN CALIFORNIA OFFICE
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Arcadia is offered with an assumable Freddie Mac loan fixed at 3.71% through 2030, maturing in 2040, and offering ±$5MM in proceeds, providing a qualified investor with positive leverage Day 1.
This accretive assumable financing delivers robust cash flows and a ±65% loan to value – delivering a ±7% cash-on-cash return by year 3.
Available for ±$140,000 per unit, the Property is being offered at a ±27% discount to recent sale comparables.
Assumable 3.71% Financing at Compelling Price Per Unit
Investment Highlights
LOCATION
Berkadia is pleased to exclusively present the opportunity to acquire Arcadia Apartments (“Arcadia”, or the “Property”), a 56-unit rental community with 3.71% assumable financing at the highly attractive basis of ±$140,000 per unit.
Strategically located in Sacramento’s Arden-Arcade submarket and well-maintained by current ownership, Arcadia provides investors immediate positive leverage with the opportunity to capture ±$215 per unit in monthly renovation premiums while benefitting from the ±20% market rent growth projected through 2028.
SACRAMENTO, CALIFORNIA
Arcadia Apartments
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SACRAMENTO, CALIFORNIA
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Managing Director
CA DRE# 01422005 (415) 310-0487 scott.macdonald@berkadia.com
Scott MacDonald
Director
CA DRE# 02078357 (415) 342-5772 john.hansen@berkadia.com
John Hansen
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Substantial Income Upside
Featuring a mix of efficient studio, one-, and two-bedroom floorplans, Arcadia presents investors with the opportunity to realize a projected ±30% return-on-cost through the completion of interior renovations on 100% of the Property’s units.
Through the complete renovation of 7 units, partial renovation of the remaining 49 units, and implementation of common area improvements, investors can capture an estimated ±$215 in monthly renovation premiums per unit.
Zero Future Competition & Outsized Rent Growth
Average household incomes in Sacramento County are expected to grow ±15% to ±$120k as the region adds a forecasted 60k new residents by 2028.
With zero projects under construction in the Property’s Arden-Arcade submarket and a growing renter base, this supply/demand imbalance is projected to create upward pressure and translate into ±20% market rent growth by 2028.
Exceptional Connectivity to Local Employment
& Lifestyle Amenities
Strategically located within one mile of Interstate 80 Business Loop, Arcadia’s residents benefit from a seamless 15-minute commute to employment hubs in Downtown Sacramento and Natomas, along with close proximity to Midtown’s array of vibrant dining, shopping, and entertainment destinations.
The Property is also conveniently positioned within a 5-minute drive of Trader Joe’s, Sprouts, Costco, and Raley’s, and surrounded by Arden-Arcade’s abundance of restaurants and retail.
Senior Managing Director
CA DRE# 01353401(310) 209-3243allan.freedman@berkadia.com
ALLAN FREEDMAN
MORTGAGE BANKING