Updated Dec 20, 2023
Mary Kate Rittman Acquires Concord, CA Apartment For $7M
1620 Adelaide Street, Concord, California 94520, United States
$7,000,000
$379/SF
Building Size
18,425 SF
Asset Type
MultiFamily
Closing
Jan 25, 2022
About this deal
AI
An apartment located at 1620 Adelaide St in Concord, CA was recently sold. The property has a total square footage of 18,425 and was sold for a price of $7,000,000, resulting in a price per square foot of $379.
Summary of transaction details
- Property Type: Apartment
- Transaction Amount: $7,000,000
- Square Footage: 18,425
- Price per Square Foot: $379
- Address: 1620 Adelaide St, Concord, CA
- Buyer: Mary Kate Rittman
- Seller: Bradley Drian & Tamara Warren
Mary Kate Rittman was the buyer of the property, while Bradley Drian & Tamara Warren acted as the sellers.
Players
Concord 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
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93