Olympus Property Acquires MultiFamily Asset In Chula Vista For $122.5 Million
SOLD
$122,500,000
California
See Similar DealsMultiFamily
Sold 11/01/2022
SOLD
Olympus Property Acquires MultiFamily Asset In Chula Vista For $122.5 Million
1925 Avenida Escaya
See Similar DealsMultiFamily
Sold 11/01/2022
Summary
CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$6,533,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$435,216.63
Cash-on-Cash Return-1.27%
Monthly Debt Service$580,712.50
Annual Debt Service$6,968,549.96
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