Montgomery Partners Sells 6.3 Acres Multifamily Property In Santa Ana For $27M
1920 Sherry Lane, Santa Ana, California 92705, United States
$27,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Jul 19, 2022
AI
The multifamily property located at 1920 Sherry Lane in Santa Ana has been sold for a price of $27,000,000. The property spans across 6.3 acres and is situated in a desirable market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $27,000,000
- Address: 1920 Sherry Lane
- Market: Santa Ana
- Acres: 6.3
The sale of the property was facilitated by Montgomery Partners, represented by Shane Shafer and Bryan Schellinger from Northmarq. They played a crucial role in ensuring a successful transaction.
Players
Santa Ana 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
0.59%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93