Tesseract Capital Group (TCG) is pleased to announce its recent acquisition of Delaware Apartments, a 42-unit garden style apartment community located in Berkeley, CA. Despite a multi-round bidding process, TCG was able to secure the contract to purchase Delaware Apartments with a non-contingent offer to close within 40 days. Upon execution of the PSA, TCG worked with Colliers International to consummate the transaction.
“TCG delivered on all promises and their team was a pleasure to work with.”
– Brandon Geraldo, SVP Colliers International
Acquired on July 31st for $12.7M, Delaware Apartments consists of 42-units totaling 22,656 SqFt of net rentable area. The property is located just a few blocks west of the North Berkeley BART station—a convenient commute for all SF Bay Area based professionals. Residents also enjoy easy access to the UC Berkeley campus, Downtown Berkeley, and Solano Avenue’s retail corridor.
The acquisition was also recently featured on the front page of The Registry—an integrated Bay Area real estate news company that provides broad and relevant industry coverage. The full article can be viewed at:
https://news.theregistrysf.com/42-unit-berkeley-asset-sells-for-12-7mm/