Raintree Partners Acquires MultiFamily Asset In Tustin For $43.6 Million With Broker Derrek Ostrzyzek
SOLD
$43,600,000
California
See Similar DealsMultiFamily
Sold 01/01/2017
SOLD
Raintree Partners Acquires MultiFamily Asset In Tustin For $43.6 Million With Broker Derrek Ostrzyzek
14901 Newport Ave
See Similar DealsMultiFamily
Sold 01/01/2017
Summary
CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale
The property asset involved in the transaction is a MultiFamily building located at 14901 Newport Ave in the Tustin market. The transaction was completed for a total price of $43,600,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $43,600,000.00
- Address: 14901 Newport Ave
- Market: Tustin
- Broker: Derrek Ostrzyzek (CBRE)
- Buyer: Raintree Partners
In this transaction, Derrek Ostrzyzek of CBRE represented the buyer, Raintree Partners, facilitating the acquisition of the property. The deal highlights the involvement of professional brokerage services in high-value real estate transactions.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,325,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$154,901.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$206,686.24
Annual Debt Service$2,480,234.92
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