Updated Jan 31, 2025
The Praedium Group Acquires Multifamily Asset In Santa Fe Springs For $47.05M
12257 Heritage Springs Dr
$47,050,000
Building Size
—
Asset Type
MultiFamily
Closing
Apr 1, 2016
About this deal
AI
The asset involved in the transaction is a MultiFamily property located at 12257 Heritage Springs Dr in the Santa Fe Springs market, which was sold for $47,050,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $47,050,000.00
- Address: 12257 Heritage Springs Dr
- Market: Santa Fe Springs
- Broker: Derrek Ostrzyzek (CBRE)
- Buyer: The Praedium Group
- Sale Date: 04/01/2016
In this transaction, Derrek Ostrzyzek from CBRE acted as the representative for the broker, facilitating the sale on behalf of The Praedium Group, who is the buyer of the property.
On the Map
$47,050,000
MultiFamily
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Santa Fe Springs 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
0.34%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93