Updated Jan 31, 2025
Olympus Property Acquires MultiFamily Asset In Chula Vista For $122.5 Million
1925 Avenida Escaya
$122,500,000
Building Size
—
Asset Type
MultiFamily
Closing
Nov 1, 2022
About this deal
AI
The property asset involved in this transaction is a MultiFamily asset located at 1925 Avenida Escaya in Chula Vista. The sale price for this property was $122,500,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $122,500,000.00
- Address: 1925 Avenida Escaya
- Market: Chula Vista
- Buyer: Olympus Property
- Brokers: Derrek Ostrzyzek (CBRE)
This transaction involved Olympus Property as the buyer, with the representation of Derrek Ostrzyzek from CBRE managing the brokerage aspects of the deal. The transaction was completed on November 1, 2022.
On the Map
$122,500,000
MultiFamily
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Players
Chula Vista 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
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93