Updated Oct 28, 2024
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
About this deal
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.
On the Map
$85,000,000
$356/SF
MultiFamily
View full map
Players
Moreno Valley MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Ed Rosen to view all their deals.
Browse California multifamily sales on Traded.
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