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1159 Meta Street

Joshua Warsaw Purchases Multifamily Property At 1159-1171 East Meta Street For $4M With Brokers Daniel Withers & Robert Schenk
SOLDMultiFamily

Joshua Warsaw Purchases Multifamily Property At 1159-1171 East Meta Street For $4M With Brokers Daniel Withers & Robert Schenk

1159 Meta Street & 1171 Meta Street

$4,000,000

$253/SF

Building Size

15,752 SF

Asset Type

MultiFamily

Closing

Apr 27, 2024

AI

The property asset involved in this transaction is a MultiFamily building located at 1159-1171 East Meta Street in the Ventura market. It consists of 16 units with a sale price of $4,000,000 and an asking price of $3,950,000. The total square footage of the property is 7,876, making the price per unit $250,000 and the price per square foot $508.

Summary of transation details:

The deal was facilitated by brokers Daniel Withers and Robert Schenk from Matthews Real Estate Investment Services, representing the seller Dennis Rowse and the buyer Joshua Warsaw in this transaction.

Players

Daniel Withers

Matthews

Broker

$198.2M

vol

32 deals

Broker

Ventura 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

3.97%

Cash-on-Cash

-1.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93