X
Upcoming Stories
California CRE News In Your Inbox .

California   /   February 19, 2021

Lisa Brown
By: Lisa Brown

Harvest at Fiddyment Ranch May Fetch $105M

A recently developed multifamily complex is being marketed for sale in Roseville. Harvest at Fiddyment Ranch is located at 1900 Blue Oaks Blvd. within the Fiddyment Ranch master-planned community.

The property includes 300 units and is expected to attract bids of $105 million or $350,000 per unit. CBRE’s Marc Ross is representing the seller, USA Properties Fund Inc. of Roseville. USA Properties developed the property in 2020.

“Roseville has benefited as a premier destination for suburban outflow from the Bay Area,” said Ross. “Harvest at Fiddyment Ranch experienced extraordinary lease-up velocity during the pandemic despite restricted resident access to amenities.”

The class-A property is currently 96 percent occupied. Average in-place rent at the property is about $1.99 per square foot.

“Asking rents are approximately $0.10 to $0.30 per square foot higher at competitive properties with greater access to retail amenities, schools and entertainment destinations. This suggests that with the completion of the Raley’s-anchored shopping center development next door and further maturation of the property’s micro-location, the Harvest at Fiddyment Ranch is poised to capitalize on this infill premium and experience significant near-term rental growth,” adds Ross.

Connect
Inside The Story
About the Author

Lisa Brown has more than 30 years of experience in corporate communications and marketing management with organizations including Grubb & Ellis, Marcus & Millichap and NAIOP.
Email the Author

New call-to-action
New call-to-action
New call-to-action
© ConnectCRE 2021 / 515 S Figueroa St., Suite 350, Los Angeles, CA 90071.
Contact Us / Policies, Privacy & DisclosuresSubmit Press Release / 
magnifiermenu