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.