Updated Dec 19, 2023
Mary Kate Rittmann Acquires Apartment In Concord, CA For $8.6M
1621 Adelaide Street, Concord, California 94520, United States
$8,600,000
$947/SF
Building Size
9,078 SF
Asset Type
MultiFamily
Closing
Jan 25, 2022
About this deal
AI
The apartment situated at 1621 Adelaide St in Concord, CA, was recently sold in a closed transaction. The property spans a total of 26,048 square feet, with an overall price of $8,600,000, resulting in a price per square foot of $330.
Summary of transaction details
- Property Type: Apartment
- Transaction Amount: $8,600,000
- Address: 1621 Adelaide St, Concord, CA
- Square Footage: 26,048
- Price Per Square Foot: $330
- Buyer: Mary Kate Rittmann
- Seller: Bradley Drian & Tamara Warren
Mary Kate Rittmann acted as the buyer in this transaction, while the sellers were Bradley Drian and Tamara Warren. The involvement of these individuals highlights their role in the deal.
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
1.84%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93