Interstate Equities Corporation Acquires Multifamily Property In Encinitas, San Diego
SOLD
$94,100,100
+ 2
California
See Similar DealsMultiFamily1,034 SF
Sold 03/31/2021
SOLD
Interstate Equities Corporation Acquires Multifamily Property In Encinitas, San Diego
1320 Via Terrassa, Encinitas, San Diego County, CA, USA
See Similar DealsMultiFamily1,034 SF
Sold 03/31/2021
+ 2
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$91,005
Total Square Footage:1,034 SF
Transaction Type:Sale
The multifamily property located at 1320 Via Terrassa, Encinitas, San Diego was recently sold in a closed transaction. The sale took place on March 31, 2021, with a sale price of $94,100,100. The property consists of 196 units, resulting in a price per unit of $480,102. The total square footage of the property is 1,034 square feet.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $94,100,100
- Address: 1320 Via Terrassa, Encinitas, San Diego
- Units: 196
- Price per Unit: $480,102
- Square Footage: 1,034
The buyer of the property is Interstate Equities Corporation, while the transaction was facilitated by brokers Hunter Combs, Blake Rogers, Alexandra Caniglia, Javier Rivera, and Kevin Sheehan.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$5,018,671.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$334,317.79
Cash-on-Cash Return-1.27%
Monthly Debt Service$446,082.48
Annual Debt Service$5,352,989.78
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