Updated Oct 28, 2024
Rize LKMS Acquires Multifamily Property In Irvine, CA For $190M
1100 Synergy, Irvine, California 92614, United States
$190,000,000
$542/SF
Building Size
350,000 SF
Asset Type
MultiFamily
Closing
Oct 17, 2022
About this deal
AI
The multifamily property located at 1100 Synergy in Irvine, CA has been sold. The transaction took place on 10/18/2022.
Summary of Transaction Details:
- Property Type: Multifamily
- Transaction Amount: $190,000,000
- Address: 1100 Synergy, Irvine, CA
- Market: Irvine, CA
- Units: 363
- Price per Unit: $523,416
- Square Footage: 350,000
- Price per Square Foot: $543
The buyer in this transaction is Rize LKMS, represented by Lee Kort. The seller is Fairfield Residential. CBRE's Dean Zander and Stew Weston represented the seller in this deal.
On the Map
$190,000,000
$542/SF
MultiFamily
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Players
Irvine MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.08%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93