Kort & Scott Financial Group Acquires Multifamily Property In Norwalk For $81M
SOLD
$81,000,000
+ 2
California
See Similar DealsMultiFamily173,568 SF
Sold 08/19/2021
SOLD
Kort & Scott Financial Group Acquires Multifamily Property In Norwalk For $81M
12700 Bloomfield Avenue, Norwalk, CA 90650
See Similar DealsMultiFamily173,568 SF
Sold 08/19/2021
+ 2
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$466
Total Square Footage:173,568 SF
Transaction Type:Sale
Located at 12700 Bloomfield Avenue in Norwalk, this multifamily property was recently sold in a closed transaction. The sale took place on August 19, 2021. The property consists of 192 units with a total square footage of 173,568. The sale price for this transaction was $81,000,000, resulting in a price per unit (PPU) of $421,875 and a price per square foot (PPSF) of $466.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $81,000,000
- Address: 12700 Bloomfield Avenue, Norwalk
- Market: Norwalk
Kort & Scott Financial Group, represented by Lee M. Kort and Michael H. Scott, acquired the property from Tokyu Land Corporation, RedHill, and Shelter Asset Management. The buyer was assisted by the brokers Sean Deasy, Peter Yorck, Nick Lavin, Chelsea Jervis, and AJ Fritts from JLL Capital Markets.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$4,320,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$287,775.89
Cash-on-Cash Return-1.27%
Monthly Debt Service$383,981.32
Annual Debt Service$4,607,775.89
Is there something missing? Send suggestions