SACRAMENTO—El Dorado Village, a class A multifamily community located in one of the region's most affluent submarkets, El Dorado Hills, has changed hands. The 68-unit garden style community sold for $12.4 million, or $182,353 per unit.
The deal was in an off-market transaction to a private investor. The 1031 exchange buyer hired Marc Ross and William Blucher of CBRE Capital Market's Sacramento Multifamily team to represent them on the acquisition of a suitable exchange property, GlobeSt.com has exclusively learned.
“The buyer engaged our team soon after the decision had been made to sell their property in the Bay Area, in order to ensure sufficient time for us to provide them with quality options to satisfy their exchange requirement,” says Ross who directs the Sacramento Multifamily team. “El Dorado Village is a value-add asset with an exceptional location in one of the region's most sought after submarkets.”
El Dorado Village was built in 2000 and offers premium design features such as vaulted ceilings, full size in-unit washer and dryer, wood burning fireplaces with mantle, private garages, and stunning hillside views. Community amenities include a clubhouse, fitness center, swimming pool, spa and beautiful landscaping throughout.
The team has brokered the sale of two other communities totaling more than $52 million in the
Sacramento region so far this year and has over $86 million of properties currently on the market.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
