Fairfield Acquires MultiFamily Asset In Ontario For $84.65 Million With CBRE's Derrek Ostrzyzek
SOLD
$84,650,000
California
See Similar DealsMultiFamily
Sold 11/01/2020
SOLD
Fairfield Acquires MultiFamily Asset In Ontario For $84.65 Million With CBRE's Derrek Ostrzyzek
1110 E Philadelphia St
See Similar DealsMultiFamily
Sold 11/01/2020
Summary
CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale
The transaction involves a MultiFamily property located at 1110 E Philadelphia St in the Ontario market. The transaction price of the property is $84,650,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $84,650,000.00
- Sale Date: 11/01/2020
- Address: 1110 E Philadelphia St
- Market: Ontario
Derrek Ostrzyzek from CBRE represents the buyer, Fairfield, in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$4,514,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$300,743.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$401,284.19
Annual Debt Service$4,815,410.24
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