Chapman University Acquires Anavia Apartments In Anaheim From Essex Coming Rep Tom Moran
2045 S State College BLVD, Anaheim...
Building Size
—
Asset Type
MultiFamily
Closing
Nov 22, 2023
AI
Anavia is an apartment community located at 2045 S State College Blvd in Anaheim's Platinum Triangle area. Originally built as a for-sale condominium project, Anavia features 250 units/550 beds with an average size of 1,249 square feet. The property was sold by Essex to Chapman University in an off-market transaction for an undisclosed price.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: Undisclosed
- Address: 2045 S State College Blvd, Anaheim
- Market: Anaheim
- Seller's Rep: Tom Moran (Berkadia)
- Buyer: Chapman University
Tom Moran of Berkadia Irvine represented the seller, handling the off-market transaction that led to Chapman University acquiring Anavia for their student housing conversion plans.
Players
Anaheim 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93