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17700 Sonoma Highway, Sonom...

KS Partners Acquires Sonoma Multifamily Property For $1.35M
SOLDMultiFamily

KS Partners Acquires Sonoma Multifamily Property For $1.35M

17700 Sonoma Highway, Sonoma, California 95476, United States

$1,350,000

$281/SF

Building Size

4,798 SF

Asset Type

MultiFamily

Closing

Apr 4, 2022

AI

Located at 17700 CA-12 in Sonoma, this multifamily property was recently sold in a transaction on April 5, 2022. The property consists of 8 units with a total square footage of 4,798. The sale price for this property was $1,350,000, resulting in a price per unit of $168,750 and a price per square foot of $281.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $1,350,000
  • Units: 8
  • Price per Unit: $168,750
  • Square Footage: 4,798
  • Price per Square Foot: $281

The buyer of the property was KS Partners, while the seller was Brian Ramocinski. Representing the buyer was Jeff Lokey from Compass Commercial, and representing the seller were Alex Barreiro and David Cohen from The Cohen Company and Sync Brokerage Commercial, respectively.

Players

Jeff Lokey

Compass

Broker

$1.4M

vol

1 deal

Broker
KP
KS PartnersBuyer

Sonoma 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

11.75%

Cash-on-Cash

-3.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93