Updated Jan 31, 2025
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
About this deal
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.
The multifamily sale at 1399 9th Ave in San Diego, California sold for $96M in 2021. 1399 9th Ave is classified as Multifamily on Traded. Derrek Ostrzyzek, CBRE appear on the sale alongside CBRE. This page is the San Diego, California file for the 1399 9th Ave multifamily sold: pricing, party profiles, and other closed multifamily comps from the same San Diego sit in the Market section below. Filter that San Diego multifamily set by closing date to see what else sold near 1399 9th Ave around 2021. Published consideration for 1399 9th Ave is $96M, dated 2021. Cite this Sares-Regis Group Acquires Multifamily Property In San Diego For $95,979,500 sale when underwriting similar multifamily product around San Diego, California.
Players
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