facebook
Traded Co logo
Submit

Brian Mikail Acquires 48-Unit Multifamily In Moreno Valley For $8.72M

Property Image
SOLD
$8,720,000
Blake Torgerson

California

See Similar Deals
MultiFamily39,200 SF
Sold 11/03/2023
the dealplayerscompscontact
Property Image
SOLD

Brian Mikail Acquires 48-Unit Multifamily In Moreno Valley For $8.72M

13260 Heacock Street

See Similar Deals
MultiFamily39,200 SF
Sold 11/03/2023
Blake Torgerson
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$222
Total Square Footage:39,200 SF
Transaction Type:Sale

The multifamily property located at 13260 Heacock Street in Moreno Valley has been sold in a recent transaction. The property consists of 48 units, with an average price per unit of $181,667. The total square footage of the property is 39,200, resulting in a price per square foot of $222. The sale price for the property was $8,720,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $8,720,000
  • Units: 48
  • Average Price Per Unit: $181,667
  • Square Footage: 39,200
  • Price Per Square Foot: $222
  • Address: 13260 Heacock Street, Moreno Valley
  • Market: Moreno Valley

The buyer in this transaction is Brian Mikail, while the seller is Grant Lin. The deal was facilitated by Eric Chen and Blake Torgerson from CBRE, who represented the buyer and seller respectively.

Players

Blake Torgerson
48 deals$286.1M volume(714) 222-0696
BROKER

Eric Chen
CBRE
108 deals$886.6M volume(626) 757-5717
BROKER

Details

SOLD
IMAGE: Eric Chen & Blake Torgerson DATE: 11/03/2023 ADDRESS: 13260 Heacock Street MARKET: Moreno Valley ASSET TYPE: Multifamily BROKERS: Eric Chen (@Eric_c_Chen) & Blake Torgerson (@BlakeTorg32) - CBRE (@CBRE) SALE PRICE: $8,720,000 UNITS: 48 ~ PPU: $181,667 SF: 39,200 ~ PPSF: $222

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

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
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$465,066.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$30,980.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$41,337.25
Annual Debt Service$496,046.98