Park Hacienda is One of the Largest Multifamily Sales in Bay Area History

Park Hacienda is located at 5650 Owens Dr. less than one mile from the Dublin/Pleasanton BART station.

PLEASANTON, CA—Park Hacienda, a 540-unit garden-style apartment community within the Hacienda Business Park, recently sold for a whopping $248 million. Acacia Capital Corporation purchased the offering for approximately $459,000 per unit, making it one of the largest single-asset value-add multifamily sales in Bay Area history.

Park Hacienda is situated on 24 acres at 5650 Owens Dr., less than one mile from the Dublin/Pleasanton BART station. The property’s location within the Hacienda Business Park offers residents with access to more than 550 employers and an abundance of nearby retail. Originally completed in 2000, the property has been partially renovated and features one-, two- and three-bedroom floor plans averaging 998 square feet. Renovated units are equipped with stainless steel appliances, full-size washers and dryers, and personal patios with storage. Community amenities include two swimming pools, a fitness center, covered and underground parking, and direct public park access.