105-Unit LeSarra Apartments Sells For $28.5M In Off-Market Sale
Ridge Capital Investors has sold the 105-unit LeSarra Apartments in El Dorado Hills, CA, for $28.5M to Oakmont Properties in a sale arranged by CBRE. CBRE’s Sacramento multifamily team, led by Marc Ross, repped Oakmont in the off-market sale.
Built in 2013, LeSarra is fully stabilized with predictable cash flows. Strong financials, full amenities and an attractive location drew Oakmont’s interest. “CBRE achieved an excellent result finding this unique property for us,” says Oakmont CEO Ron Ashley.
The luxury complex is 25 miles from central Sacramento and offers a host of amenities, such as a clubhouse, a pool and spa, a barbecue area, a playground and a state-of-the-art fitness center.
With LeSarra, Oakmont Properties has closed on nine properties since 2014. The acquisition pace makes the firm one the fastest-growing multifamily buyers in the West.