Prometheus Acquires Multifamily Property In San Bruno For $188M
2000 Crystal Springs Road, San Bruno, California 94066, United States
$188,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Sep 18, 2022
AI
The multifamily property located at 2000 Crystal Springs Road in San Bruno, CA has been sold for $188,000,000. The transaction took place on 09/19/2022. The property consists of 435 units, with a price per unit (PPU) of $432,184. The buyer of the property is Prometheus Real Estate Group, represented by Jackie Safier. The seller is Pivnicka Properties & Gerson Bakar & Associates.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $188,000,000
- Units: 435
- Price per Unit (PPU): $432,184
- Buyer: Prometheus Real Estate Group - Jackie Safier
- Seller: Pivnicka Properties & Gerson Bakar & Associates
Jackie Safier of Prometheus Real Estate Group played a crucial role as the buyer's representative in this transaction.
San Bruno 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
0.08%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93