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CBRE Brokers $5.5M Sale Of Two Multifamily Properties In Anaheim, CA

Property Image
SOLD
$5,500,000
Daniel (Dan) Blackwell
Andrew Boukather
+ 1

California

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MultiFamily
Sold 10/04/2023
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Property Image
SOLD

CBRE Brokers $5.5M Sale Of Two Multifamily Properties In Anaheim, CA

1121 West Fay Lane & 311 South Kroeger Street

See Similar Deals
MultiFamily
Sold 10/04/2023
Daniel (Dan) Blackwell
Andrew Boukather
+ 1
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Summary

CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale

CBRE brokered the sale of two multifamily properties in Anaheim, California. The first property, located at 1121-1125 Way Fay Lane, consists of 12 units and was sold for $2.92 million to an Orange County-based buyer. The second property, comprising eight units and situated at 311 & 315 South Kroeger Street, was purchased for $2.58 million by a repeat buyer. The seller of the second property is based in San Diego County.

Summary of Transaction Details

The sale of these two Anaheim multifamily properties, totaling 20 units, was facilitated by CBRE. The brokers involved in the transaction include Sean Farag, Dan Blackwell, Andrew Boukather, and Amanda Fielder, all representing CBRE. The buyer of the first property is based in Orange County, while the second property was purchased by a repeat buyer. The seller of the second property is located in San Diego County.

Players

Daniel (Dan) Blackwell
61 deals$439.4M volume(949) 725-8655
BROKER

Sean Farag
CBRE
5 deals$24.8M volume(949) 291-8400
BROKER

Andrew Boukather
MBI Equity Partners
11 deals$64.5M volume(949) 809-3629
BROKER

Amanda Fielder
CBRE
15 deals$94.7M volume
BROKER

Details

SOLD
IMAGE: Sean Farag, Andrew Boukather, Dan Blackwell & Amanda Fielder DATE: 10/04/2023 ADDRESS: 1121-1125 Way Fay Lane, 311 & 315 South Kroeger Street MARKET: Anaheim ASSET TYPE: Multifamily BROKERS: Sean Farag (@HFaragcre), Dan Blackwell (@Dan___Blackwell), Andrew Boukather & Amanda Fielder (@Amanda_Fielder_) - CBRE (@CBRE) SALE PRICE: $5,500,000 UNITS: 20 ~ PPU: $275,000 NOTE: CBRE brokered the sale of two Anaheim multifamily properties, totaling 20 units, for over $5.5 million. In the first deal, 12 units at 1121-1125 W. Fay Ln. sold for $2.92 million to an Orange County-based buyer, while in the second transaction, eight units at 311 & 315 S. Kroeger St. were purchased for $2.58 million by a repeat buyer, with the seller based in San Diego County.

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Debt Service Coverage Ratio (DSCR)

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