MWest Holdings/Bentall Green Oak Acquires Paramount Multifamily For $99.3M
13801 Paramount Boulevard, Paramount, CA 90723, USA & 13801 Paramount Boulevard, Paramount, CA 90723, USA
$99,325,000
$333/SF
Building Size
297,583 SF
Asset Type
MultiFamily
Closing
Dec 16, 2019
AI
A multifamily property located at 13801 Paramount Blvd in Paramount has been sold for a price of $99,325,000. The property spans 296,553 square feet and has 306 units, resulting in a price per square foot of $334.93 and a price per unit of $324,591. The transaction took place on December 17, 2019.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $99,325,000
- Square Footage: 296,553
- Price per Square Foot: $334.93
- Number of Units: 306
- Price per Unit: $324,591
The buyer of the property was MWest Holdings/Bentall Green Oak. Shane Shafer from an undisclosed agency represented the buyer in the transaction.
Players
Paramount 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
0.16%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93