Brian Mikail Acquires 48-Unit Multifamily In Moreno Valley For $8.72M
13260 Heacock Street
$8,720,000
$222/SF
Building Size
39,200 SF
Asset Type
MultiFamily
Closing
Nov 3, 2023
AI
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
Moreno Valley MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.82%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93