College Drive LLC Acquires Multifamily Property In Ventura For $2.06M
115 College Drive, Ventura, CA, USA
$2,060,000
$354/SF
Building Size
5,808 SF
Asset Type
MultiFamily
Closing
Jul 22, 2019
AI
A multifamily property located at 115 College Drive in Ventura has been sold. The sale took place on July 23, 2019. The property was purchased by College Drive LLC from the seller Vista Ventura LLC. The deal was facilitated by brokers Herschel Weintraub and Jason Tuvia.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,060,000
- Square Footage: 5,808
- Price per Square Foot: $354.68
- Address: 115 College Drive
- Market: Ventura
Herschel Weintraub and Jason Tuvia represented the buyer, College Drive LLC, in this transaction.
Players
Ventura MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.70%
Cash-on-Cash
-2.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93