M West Holdings Sells Multifamily Property On S. Virgil Ave. For $90M With Broker Marc Renard
160 South Virgil Avenue, Los Angeles, CA 90004, USA
$90,000,000
$337/SF
Building Size
266,845 SF
Asset Type
MultiFamily
Closing
Dec 12, 2018
AI
The multifamily property located at 136-160 S. Virgil Ave. has been sold for $90 million. The property spans over 266,845 square feet and has a price per square foot of $337. It consists of 302 units, making it a notable investment opportunity in the market.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $90M
- Square Footage: 266,845
- Price per Square Foot: $337
- Number of Units: 302
The seller of the property was M West Holdings. The transaction was facilitated by Marc Renard from CushWake, representing the seller's interests. The involvement of experienced professionals like Marc Renard showcases the expertise and knowledge that went into the successful completion of the deal.
Players
Los Angeles 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
0.18%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93