Raintree Partners Acquires Multifamily Asset At 16425 Harbor Blvd Fountain Valley For $52.25M
SOLD
$52,250,000
California
See Similar DealsMultiFamily
Sold 12/01/2016
SOLD
Raintree Partners Acquires Multifamily Asset At 16425 Harbor Blvd Fountain Valley For $52.25M
16425 Harbor Blvd
See Similar DealsMultiFamily
Sold 12/01/2016
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,786,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$185,633.22
Cash-on-Cash Return-1.27%
Monthly Debt Service$247,691.66
Annual Debt Service$2,972,299.88
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