Updated Oct 29, 2024
Bay Area Family Trust Acquires Concord Multifamily For $26.8M
1818 Laguna St, Concord, CA 94520, USA
$26,800,000
$4,979/SF
Building Size
5,382 SF
Asset Type
MultiFamily
Closing
May 4, 2020
About this deal
AI
Bay Area Family Trust has acquired a multifamily property located at 1818 Laguna St in Concord. The property consists of 102 units, with a price of $26,800,000, resulting in a per unit price of $262,745. The transaction was facilitated by Adam Levin and Robert Johnston of Marcus & Millichap.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $26,800,000
- Units: 102
- Price Per Unit: $262,745
The deal was brokered by Adam Levin and Robert Johnston from Marcus & Millichap.
Players
Concord 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
0.59%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93