Updated Oct 28, 2024
USA Properties Fund Sells Multifamily Property In Santa Clara, CA For $53M
190 North Winchester Boulevard
$53,000,000
Units
92
Asset Type
MultiFamily
Closing
Oct 13, 2022
About this deal
AI
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
Santa Clara 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
0.30%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93