Cushman & Wakefield arranged the sale of a fully entitled 397-unit garden-style multifamily development site on 18.2 acres in Rocklin to Advanced Building Solutions (ABS), a full-service development and construction company based in Petaluma, for $19 million, or approximately $47,850 per unit. The seller was a joint venture of Tekin Development and Guardian Capital.
Located at 6250 W Oaks Blvd., near the border of Rocklin and Roseville and Highway 65, the new shovel-ready development is planned to consist of two construction phases: Phase I totaling 237 units; Phase 2 totaling 160 units. Jason Parr, Scott MacDonald, John Hansen Sydney Ladrech ,and Brayden Joel with Cushman & Wakefield’s Multifamily Advisory Group in Northern California represented both buyer and seller during this transaction. Parr commented that “with continued residential growth demand from renters as well as owners alike ,Rocklin is considered one top suburban submarkets Sacramento region.”
