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.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).