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Walker & Dunlop Closes Burlingame Apartment Sale at 4.14% Cap Rate
Walker & Dunlop arranged the sale of The Arlington, a 63-unit multifamily community in Burlingame, south of San Francisco, for an undislcosed amount. Notwithstanding a slowdown in multifamily and apartment sales in the area throughout 2022 and 2023, the W&D Northern California Investment Sales team arranged the sale at a cap rate of 4.17% and a price per square foot of $556.
Nate Oleson, Rob LeDoux and Matt Neault represented both the buyers and sellers in the transaction. A notable advantage of The Arlington is the property’s immaculate physical condition, which is a direct result of significant capital invested by the seller, according to Walker & Dunlop.
The property offers a variety of studio and one-bedroom apartment homes, along with a top-floor penthouse, and features a variety of community amenities.
- ◦Sale/Acquisition




