Kilroy Companies LLC Acquires Multifamily Property In Vista For $11.3M
1626 N Santa Fe Ave, Vista, CA, USA
$11,320,000
$2,526/SF
Building Size
4,480 SF
Asset Type
MultiFamily
Closing
Feb 2, 2021
AI
The multifamily property located at 1626 N. Santa Fe Ave. in Vista has been sold. The transaction took place on February 3, 2021. The property, consisting of 58 units, was purchased by Kilroy Companies LLC. The sale was facilitated by brokers Christopher J. Zorbas and Gary R. Weddle of The Zorbas Group, who represented the buyer in the deal. The transaction was handled by Marcus & Millichap. The sale price for the property was $11,320,000, which translates to an average price per unit of $195,172.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $11,320,000
- Market: Vista
- Units: 58
- Price Per Unit: $195,172
The buyer, Kilroy Companies LLC, acquired the property located at 1626 N. Santa Fe Ave. in Vista. The transaction was facilitated by brokers Christopher J. Zorbas and Gary R. Weddle of The Zorbas Group, who represented the buyer in the deal. Marcus & Millichap acted as the intermediary in the transaction.
Players
Vista 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
1.40%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93