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1626 N Santa Fe Ave, Vista,...

Kilroy Companies LLC Acquires Multifamily Property In Vista For $11.3M
SOLDMultiFamily

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

Gary Weddle

Broker

$93.4M

vol

4 deals

Broker
Institutional Property Advisors
Institutional Property AdvisorsBrokerage

Vista MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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