Updated Oct 28, 2024
Waterford & California Statewide Community Development Authority Acquires Multifamily Property In Pasadena For $280M
168 West Green Street, Pasadena, California 91105, United States
$280,000,000
Units
480
Asset Type
MultiFamily
Closing
Dec 10, 2021
About this deal
AI
Waterford and California Statewide Community Development Authority have acquired a multifamily property located at 168 W. Green St. in Pasadena. The property was sold by Equity Residential, represented by Sam Zell. The transaction was facilitated by brokerage firm Walker & Dunlop.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $280,000,000
- Units: 480
- Price per Unit: $583,333
Waterford and California Statewide Community Development Authority, represented by their broker Walker & Dunlop, purchased the property from Equity Residential, with Sam Zell as the seller's representative. The transaction took place in the market of Pasadena. The property consists of 480 units with an average price per unit of $583,333.
On the Map
$280,000,000
MultiFamily
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Players
Pasadena 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
0.06%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93