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Meta Housing Acquires Multifamily Property In Garden Grove For $19.85M

Property Image
SOLD
$19,850,000

California

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MultiFamily6,000 SF
Sold 02/10/2021
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Property Image
SOLD

Meta Housing Acquires Multifamily Property In Garden Grove For $19.85M

12721 Garden Grove Blvd, Garden Grove, CA, USA

See Similar Deals
MultiFamily6,000 SF
Sold 02/10/2021
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$3,308
Total Square Footage:6,000 SF
Transaction Type:Sale

A multifamily property located at 12721 Garden Grove Blvd in Garden Grove has recently been sold for a total price of $19,850,000. The property consists of 85 units, with each unit valued at an average of $233,529.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $19,850,000
  • Address: 12721 Garden Grove Blvd
  • Market: Garden Grove

The buyer of this property is Meta Housing, a well-known real estate company. The deal was facilitated by Daryl Carter from Avanath Capital Management LLC, who represented Meta Housing as their broker.

Players

6 deals$688.9M volume(407) 581-6205
BROKER

BUYER

Details

SOLD
IMAGE: Daryl Carter DATE: 02/10/2021 ADDRESS: 12721 Garden Grove Blvd MARKET: Garden Grove ASSET TYPE: Multifamily BUYER: Meta Housing BROKERS: Daryl Carter - Avanath Capital Management LLC SALE PRICE: $19,850,000 UNITS: 85 ~ PPU: $233,529

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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