The Estopinal Family Partnership Acquires Multifamily Asset In Walnut Creek, CA For $19.55M
SOLD
$19,550,000
California
See Similar DealsMultiFamily
Sold 11/15/2022
SOLD
The Estopinal Family Partnership Acquires Multifamily Asset In Walnut Creek, CA For $19.55M
1355 Mount Pisgah Road, Walnut Creek, California 94596, United States
See Similar DealsMultiFamily
Sold 11/15/2022
Summary
CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale
A multifamily property located at 1355 Mount Pisgah Rd in Walnut Creek, CA has been sold. The property consists of 40 units and was sold for a total price of $19,550,000, resulting in an average price per unit of $488,750. The sale was facilitated by Rich Martini from Colliers Capital Markets Group acting as the broker. The buyer in this transaction was The Estopinal Family Partnership, while the seller was Legacy PTLA Vista Terrace, LLC represented by Peter Wilson.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $19,550,000
- Units: 40
- Price per unit: $488,750
- Address: 1355 Mount Pisgah Rd, Walnut Creek, CA
- Market: Walnut Creek, CA
The broker involved in this transaction was Rich Martini from Colliers Capital Markets Group. Their expertise and negotiation skills played a crucial role in facilitating the successful sale of the multifamily property.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,042,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$69,457.02
Cash-on-Cash Return-1.27%
Monthly Debt Service$92,676.97
Annual Debt Service$1,112,123.69
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