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1355 Mount Pisgah Road, Wal...

The Estopinal Family Partnership Acquires Multifamily Asset In Walnut Creek, CA For $19.55M
SOLDMultiFamily

The Estopinal Family Partnership Acquires Multifamily Asset In Walnut Creek, CA For $19.55M

1355 Mount Pisgah Road, Walnut Creek, California 94596, United States

$19,550,000

Building Size

Asset Type

MultiFamily

Closing

Nov 15, 2022

AI

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.

Players

Rich Martini

Colliers

Broker

$26.4M

vol

2 deals

Broker

Estopinal Family

Estopinal Family Partnership

Buyer

$75.2M

vol

2 deals

Buyer

Walnut Creek 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

0.81%

Cash-on-Cash

-0.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93