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1399 9th Ave

Sares-Regis Group Acquires Multifamily Property In San Diego For $95,979,500
SOLDMultiFamily

Sares-Regis Group Acquires Multifamily Property In San Diego For $95,979,500

1399 9th Ave

$95,979,500

Building Size

Asset Type

MultiFamily

Closing

Jun 1, 2021

AI

The property involved in the transaction is a MultiFamily asset located at 1399 9th Ave, San Diego. The transaction was completed at a price of $95,979,500.00.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $95,979,500.00
  • Address: 1399 9th Ave
  • Market: San Diego
  • Buyer: Sares-Regis Group
  • Brokers: Derrek Ostrzyzek (CBRE)

Derrek Ostrzyzek represented the buyer, Sares-Regis Group, in this transaction. The deal showcases the active participation of CBRE in facilitating this property acquisition.

Players

Derrek Ostrzyzek

CBRE

Broker

$11.6B

vol

117 deals

Broker
Sares-Regis Group
Sares-Regis GroupBuyer

San Diego 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

0.17%

Cash-on-Cash

-0.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93