Eric Chen Kevin Sin & Blake Torgerson Of CBRE Sells Multifamily Asset In Redlands For $4.8M
SOLD
$4,800,000
California
See Similar DealsMultiFamily27,592 SF
Sold 06/18/2025
SOLD
Eric Chen Kevin Sin & Blake Torgerson Of CBRE Sells Multifamily Asset In Redlands For $4.8M
1002 Tribune Street
See Similar DealsMultiFamily27,592 SF
Sold 06/18/2025
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$174
Total Square Footage:27,592 SF
Transaction Type:Sale
The transaction involved a multifamily asset located at 1002, 06, 16, 22, 28 Tribune St & 1001, 07 Post St in Redlands, CA. The property was sold for $4,800,000, consisting of 25 units and a total square footage of 27,592. The price per unit was recorded at $192,000, while the price per square foot came to $173.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,800,000
- Units: 25
- Square Footage: 27,592
- Price Per Unit: $192,000
- Price Per Square Foot: $173
The deal was facilitated by brokers Eric Chen, Kevin Sin, and Blake Torgerson from CBRE, representing the involved parties in the transaction.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$256,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,053.38
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,754.45
Annual Debt Service$273,053.39
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