facebook
Traded Co logo
Submit

USA Properties Fund Sells Multifamily Property In Santa Clara, CA For $53M

Property Image
SOLD
$53,000,000

California

See Similar Deals
MultiFamily
Sold 10/13/2022
the dealplayerscompscontact
Property Image
SOLD

USA Properties Fund Sells Multifamily Property In Santa Clara, CA For $53M

190 North Winchester Boulevard

See Similar Deals
MultiFamily
Sold 10/13/2022
Contact now

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.

Players

1 deal$53M volume
BROKER

Details

SOLD
IMAGE: Geoffrey Brown DATE: 10/13/2022 ADDRESS: 190 North Winchester Boulevard MARKET: Santa Clara, CA ASSET TYPE: Multifamily SELLER: USA Properties Fund - Geoffrey Brown BROKERS: Luis Gordillo & Sean Bannon - Zurich Alternative Asset Management SALE PRICE: $53,000,000 UNITS: 92 ~ PPU: $576,087

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
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