Terra Bella Apartments

Investment Overview

Newmark, as the exclusive advisor, is pleased to present the opportunity to acquire the Terra Bella Apartments (the “Property”), a 39-unit, 1970s-vintage apartment community located in the Pocket-Greenhaven neighborhood of Sacramento. Situated less than five miles from Sacramento’s Central Business District, the property’s convenient location provides direct access to the region’s most prominent employment, retail and recreation centers.

Investment Highlights

• -Price: $7,250,000
• -Terms: Free & Clear
• -Occupancy: 96%
• -Average In-Place Rent: $1,534
• -Average Market Rent: $1,724
• -In-Place Cap-Rate: 5.9%
• -Year 1 Cap Rate: 6.3%
• -Proforma Cap Rate: 7.8%