Updated Jan 31, 2025
Kort & Scott Financial Group Acquires Multifamily Asset In Costa Mesa For $113.51M
125 Baker St E
$113,512,000
Building Size
—
Asset Type
MultiFamily
Closing
Oct 1, 2019
About this deal
AI
The property involved in this transaction is a MultiFamily asset located at 125 Baker St E in Costa Mesa. The transaction was finalized on 10/01/2019, with a sale price of $113,512,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $113,512,000.00
- Address: 125 Baker St E
- Market: Costa Mesa
- Broker: Derrek Ostrzyzek
- Broker Agency: CBRE
- Buyer: Kort & Scott Financial Group
Derrek Ostrzyzek from CBRE represented the buyer, Kort & Scott Financial Group, in the transaction of this property.
The multifamily sale at 125 Baker St E in Costa Mesa, California sold for $113.5M in 2019. 125 Baker St E is classified as Multifamily on Traded. Derrek Ostrzyzek, CBRE appear on the sale alongside CBRE. This page is the Costa Mesa, California file for the 125 Baker St E multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Costa Mesa sit in the Market section below. Filter that Costa Mesa multifamily set by closing date to see what else sold near 125 Baker St E around 2019. Published consideration for 125 Baker St E is $113.5M, dated 2019. Cite this Kort & Scott Financial Group Acquires Multifamily Asset In Costa Mesa For $113.51M sale when underwriting similar multifamily product around Costa Mesa, California.
On the Map
$113,512,000
MultiFamily
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Costa Mesa 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
0.14%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93