Baxter on Broadway Sells for $81MM

We are very excited to announce that on March 31st, 2020, the sale of Baxter on Broadway in Oakland, CA closed for $81 million! This represents a price per unit of approximately $623,000, which we believe to be a record high in Oakland and a testament to the overall quality and location of the project. SRM started working on this site in early 2012, well ahead of the Oakland development boom, so it is incredibly rewarding to see how the community has transformed as a result of this project and the many others that followed. Special thanks to our partners at USAA Real Estate as well as Legacy Partners for helping make this project a great success.  

Baxter on Broadway is located in Oakland’s Temescal neighborhood at 4901 Broadway. The complex is comprised of a mix of studio, one- and two- bedroom apartments as well as four townhouses. The units range from about 483 square feet in size to 1,300 square feet and the townhouses are each approximately 2,600 square feet. The apartments are within walking distance to great shopping, various restaurants, Claremont Country Club and area schools. Amenities include a fitness center, media room, secured bike storage, dog wash, dog run, electric vehicle charging stations and a residential roof deck with adjacent indoor lounge.

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