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1600 Aster Dr, Antioch, CA,...

Michael B. Earl Acquires Crestview Pines Multifamily In Antioch For $18M
SOLDMultiFamily

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.

Players

Michael B. Earl

FPA Multifamily

Buyer

$40.7M

vol

2 deals

Buyer

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