Derrek Ostrzyzek Of CBRE Represents Sale Of 1601 Broadway Multifamily In San Diego For $107.75M
SOLD
$107,750,000
California
See Similar DealsMultiFamily
Sold 12/01/2023
SOLD
Derrek Ostrzyzek Of CBRE Represents Sale Of 1601 Broadway Multifamily In San Diego For $107.75M
1601 Broadway
See Similar DealsMultiFamily
Sold 12/01/2023
Summary
CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale
The property located at 1601 Broadway in San Diego is categorized as a MultiFamily asset type. The transaction concluded on December 1, 2023, with a total consideration of $107,750,000.00.
Summary of transation details:
- Property Type: MultiFamily
- Transaction Amount: $107,750,000.00
- Sale Date: 12/01/2023
- Address: 1601 Broadway
- Market: San Diego
- Broker: Derrek Ostrzyzek - CBRE
Derrek Ostrzyzek represented the seller in this transaction as part of his role with CBRE, facilitating the deal and providing professional brokerage services specific to the MultiFamily market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$5,746,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$382,812.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$510,789.97
Annual Debt Service$6,129,479.66
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