Dan Fischer's Fischer Foundation Sells Manufactured Housing In Oroville For $15M
SOLD
California
See Similar DealsManufactured Home
Sold 09/28/2022
SOLD
Dan Fischer's Fischer Foundation Sells Manufactured Housing In Oroville For $15M
2921 Wyandotte Avenue
See Similar DealsManufactured Home
Sold 09/28/2022
Summary
CALIFORNIA
Asset Type:Manufactured Home
Transaction Type:Sale
The property at 2921 Wyandotte Avenue in Oroville, CA has been sold in a closed transaction. The asset involved in the sale is a Manufactured Housing property comprised of 128 units. The sale price for the property was $15,000,000, resulting in a per unit price of $117,188.
Summary of transation details
- Property Type: Manufactured Housing
- Transaction Amount: $15,000,000
- Address: 2921 Wyandotte Avenue
- Market: Oroville, CA
The seller of the property was Dan Fischer, representing the Fischer Foundation. The brokers involved in the transaction were Jeff Benson and Sam Neumark from Northmarq.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$799,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$53,291.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$71,107.65
Annual Debt Service$853,291.83
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