$19M El Cajon Multifamily Sale At 1360 E. Madison Ave. By Colliers Intl
1360 East Madison Avenue, El Cajon, CA, USA
$19,000,000
$292/SF
Building Size
64,900 SF
Asset Type
MultiFamily
Closing
Nov 9, 2020
AI
The multifamily property located at 1360 E. Madison Ave. in El Cajon has been sold in a recent transaction. The property consists of 110 units with a total of 64,900 square feet. The sale price for this asset was $19,000,000, resulting in a per unit price of $172,727. The price per square foot is estimated to be $292.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $19,000,000
- Address: 1360 E. Madison Ave.
- Market: El Cajon
- Units: 110
- Price per Unit: $172,727
- Square Feet: 64,900
- Price per Square Foot: $292
The seller of the property was 1360 E. Madison Avenue LLC. The transaction was facilitated by brokers Peter Scepanovic and Corey McHenry from Colliers International and Coldwell Banker Commercial, respectively.
Players
El Cajon MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.83%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93