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Raintree Partners Acquires Multifamily Asset At 16425 Harbor Blvd Fountain Valley For $52.25M

Property Image
SOLD
$52,250,000

California

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MultiFamily
Sold 12/01/2016
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Property Image
SOLD

Raintree Partners Acquires Multifamily Asset At 16425 Harbor Blvd Fountain Valley For $52.25M

16425 Harbor Blvd

See Similar Deals
MultiFamily
Sold 12/01/2016
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Summary

CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale

The property asset involved in this closed transaction is a MultiFamily type located at 16425 Harbor Blvd in Fountain Valley. The transaction was completed at a price of $52,250,000.00.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $52,250,000.00
  • Address: 16425 Harbor Blvd
  • Market: Fountain Valley
  • Buyer: Raintree Partners
  • Broker: Derrek Ostrzyzek - CBRE
  • Sale Date: 12/01/2016

This transaction involved Raintree Partners as the buyer and was facilitated by broker Derrek Ostrzyzek representing CBRE, showcasing the involvement of professional brokerage services in closing this deal.

Players

Derrek Ostrzyzek
116 deals$11.5B volume
BROKER

BUYER

Details

SOLD
IMAGE: 12/01/2016 ADDRESS: 16425 Harbor Blvd MARKET: Fountain Valley ASSET TYPE: MultiFamily BROKERS: Derrek Ostrzyzek(CBRE) BUYER: Raintree Partners PRICE: $52,250,000.00

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Deal Type
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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$185,633.22
Cash-on-Cash Return-1.27%
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