Tower 16 Capital Partners Acquires Moreno Valley Multifamily For $85M
12159 Calle Sombra, Moreno Valley, CA, USA
$85,000,000
$356/SF
Building Size
238,320 SF
Asset Type
MultiFamily
Closing
Oct 25, 2021
AI
The multifamily property located at 12159 Calle Sombra in Moreno Valley has been sold for $85,000,000. The transaction took place on 10/25/2021. The property consists of 330 units, with an average price per unit of $257,575.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $85,000,000
- Units: 330
- Price per Unit: $257,575
- Date: 10/25/2021
- Market: Moreno Valley
- Buyer: Tower 16 Capital Partners - Tyler Pruett
- Broker: Ed Rosen - Berkadia
Tower 16 Capital Partners, represented by Tyler Pruett, acquired the property in this transaction. The deal was facilitated by broker Ed Rosen from Berkadia.
Players
Moreno Valley 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
0.19%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93