Updated Oct 29, 2024
Dalan Management Acquires San Bernardino Multifamily For $37.4M
1600 West Kendall Drive, San Bernardino, CA, USA
$37,400,000
$4/SF
Building Size
8,001,300 SF
Asset Type
MultiFamily
Closing
Aug 29, 2019
About this deal
AI
A multifamily property located at 1600 West Kendall Drive in San Bernardino has been sold in a recent transaction. The property consists of 197 units and was sold for a price of $37,400,000, resulting in a per unit price of $189,847. The seller of the property was FPA Multifamily, while the buyer was Dalan Management. The deal was facilitated by CBRE brokers Stew Weston, Dean Zander, and John Montakab.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $37,400,000
- Units: 197
- Price Per Unit: $189,847
- Seller: FPA Multifamily
- Buyer: Dalan Management
- Brokers: Stew Weston, Dean Zander, John Montakab - CBRE
The transaction took place on 08/30/2019 in the San Bernardino market. Dean Zander, Stewart Weston, and John Montakab from CBRE represented the buyer and seller in this multifamily property sale.
Players
San Bernardino 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
0.42%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93