USA Properties Fund Sells Multifamily Property In Santa Clara, CA For $53M
SOLD
$53,000,000
California
See Similar DealsMultiFamily
Sold 10/13/2022
SOLD
USA Properties Fund Sells Multifamily Property In Santa Clara, CA For $53M
190 North Winchester Boulevard
See Similar DealsMultiFamily
Sold 10/13/2022
Summary
CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale
The multifamily property located at 190 North Winchester Boulevard in Santa Clara, CA has been sold. The transaction took place on 10/13/2022 for a total sale price of $53,000,000. The property consists of 92 units, with a per unit price of $576,087.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $53,000,000
- Address: 190 North Winchester Boulevard
- Market: Santa Clara, CA
The seller of the property was USA Properties Fund, represented by Geoffrey Brown. The brokers involved in the transaction were Luis Gordillo and Sean Bannon, who represented Zurich Alternative Asset Management.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,826,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$188,297.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$251,247.04
Annual Debt Service$3,014,964.47
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