The Praedium Group Acquires Multifamily Asset In Santa Fe Springs For $47.05M
SOLD
$47,050,000
California
See Similar DealsMultiFamily
Sold 04/01/2016
SOLD
The Praedium Group Acquires Multifamily Asset In Santa Fe Springs For $47.05M
12257 Heritage Springs Dr
See Similar DealsMultiFamily
Sold 04/01/2016
Summary
CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,509,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$167,158.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$223,041.00
Annual Debt Service$2,676,492.05
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