Michael B. Earl Acquires Crestview Pines Multifamily In Antioch For $18M
1600 Aster Dr, Antioch, CA, USA
$18,000,000
$289/SF
Building Size
62,140 SF
Asset Type
MultiFamily
Closing
Jul 27, 2021
AI
The multifamily property located at 1600 Aster Dr. in Antioch has been sold in a recent transaction. The property spans across 62,140 square feet and was sold for a total price of $18,000,000, resulting in a price per square foot of $290.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $18,000,000
- Square Footage: 62,140
- Price per Square Foot: $290
- Address: 1600 Aster Dr., Antioch
- Market: Antioch
The property was purchased by Michael B. Earl, while Crestview Pines Lp acted as the seller in the deal.
Antioch 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
0.88%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93