Rockwood Capital Acquires Multifamily Property In Walnut Creek For $66M
SOLD
$66,000,000
California
See Similar DealsMultiFamily
Sold 09/08/2022
SOLD
Rockwood Capital Acquires Multifamily Property In Walnut Creek For $66M
1250 Arroyo Way, Walnut Creek, California 94596, United States
See Similar DealsMultiFamily
Sold 09/08/2022
Summary
CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale
An multifamily property located at 1250 Arroyo Way in Walnut Creek has been sold for a total of $66,000,000. The property consists of 100 units, with a price per unit of $660,000. The transaction took place on September 8, 2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $66,000,000
- Address: 1250 Arroyo Way
- Market: Walnut Creek
- Buyer: Rockwood Capital - David I. Becker & Tyson E. Skillings
- Seller: Northwestern Mutual Real Estate
- Broker: NAI Norcal
- Units: 100
- Price Per Unit: $660,000
The buyer of the property is Rockwood Capital, represented by David I. Becker and Tyson E. Skillings. The seller is Northwestern Mutual Real Estate. NAI Norcal served as the broker in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,520,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$234,484.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$312,873.67
Annual Debt Service$3,754,484.06
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