MG Properties Acquires Multifamily Property In Orange County For $130M
150 East Crowther Avenue, Placentia, California 92870, United States
$130,000,000
Units
215
Asset Type
MultiFamily
Closing
May 9, 2022
AI
The multifamily property located at 150 East Crowther Avenue in Orange County has been sold for a total of $130,000,000. The property consists of 215 units, making the price per unit $605,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $130,000,000
- Address: 150 East Crowther Avenue
- Market: Orange County
The buyer of the property is MG Properties, while the seller is Lyon Living, represented by Frank Suryan Jr. and Integral Communities.
Players
Placentia 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
0.12%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93