facebook
Traded Co logo
Submit

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

Property Image
SOLD
$18,000,000

California

See Similar Deals
MultiFamily62,140 SF
Sold 07/28/2021
the dealplayerscompscontact
Property Image
SOLD

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

1600 Aster Dr, Antioch, CA, USA

See Similar Deals
MultiFamily62,140 SF
Sold 07/28/2021
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$289
Total Square Footage:62,140 SF
Transaction Type:Sale

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

ME
FPA Multifamily
Michael B. Earl
2 deals$40.7M volume
BUYER

Details

SOLD
IMAGE: Michael B. Earl DATE: 07/28/2021 ADDRESS: 1600 Aster Dr. MARKET: Antioch ASSET TYPE: Multifamily BUYER: Michael B. Earl SELLER: Crestview Pines Lp PRICE: $18,000,000 SF: 62,140 ~ PPSF: $290

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$960,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$63,950.20
Cash-on-Cash Return-1.27%
Monthly Debt Service$85,329.18
Annual Debt Service$1,023,950.20