SOLDMultiFamily
Universe Holdings Acquires MultiFamily Property In Ventura For $20.35M
11114 Darling Road
$20,350,000
$386/SF
Building Size
52,705 SF
Asset Type
MultiFamily
Closing
Feb 2, 2023
AI
Universe Holdings has acquired a multifamily property located at 11114 Darling Road in Ventura. The property, which spans 52,705 square feet, was sold by New Urban West for a total price of $20,350,000, equating to a price per square foot of $386.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $20,350,000
- Address: 11114 Darling Road
- Market: Ventura
Adrienne Barr of Berkadia represented the buyer, Universe Holdings, in the transaction.
Players
Market 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
0.78%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93