Brookfield Residential Acquires 12.1-Acre Site In Arcadia For $58.5M
4241 Live Oak Ave Arcadia, CA 91006, USA
$58,500,000
Building Size
—
Asset Type
Mobile Home
Closing
Jun 22, 2023
AI
Brookfield Residential Properties Inc has acquired a 12.1-acre mobile home park in Arcadia for $58.5 million. The property, located at 4241 East Live Oak Avenue, will be transformed into a gated community featuring 277 townhomes. The development will include solar systems and smart-home technology.
Summary of transaction details
- Property Type: Mobile Home Park
- Transaction Amount: $58,500,000
- Address: 4241 East Live Oak Avenue, Arcadia
- Market: Arcadia
- Acres: 12.1
The purchase was made from Prime Enterprises LLC. Tom Nguyen from eXp Commerical represented Brookfield Residential Properties Inc in the transaction.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.27%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93