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
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