Intercontinental Real Estate Corporation And TruAmerica Multifamily Acquire Woodland Hills MultiFamily For $163M
SOLD
$163,000,000
California
See Similar DealsMultiFamily
Sold 12/01/2015
SOLD
Intercontinental Real Estate Corporation And TruAmerica Multifamily Acquire Woodland Hills MultiFamily For $163M
21021 W Erwin St
See Similar DealsMultiFamily
Sold 12/01/2015
Summary
CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale
The asset involved in this transaction is a MultiFamily property located at 21021 W Erwin St in the Woodland Hills market. The transaction was completed for a total amount of $163,000,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $163,000,000.00
- Address: 21021 W Erwin St
- Market: Woodland Hills
- Broker: Derrek Ostrzyzek, CBRE
- Buyer: Intercontinental Real Estate Corporation and TruAmerica Multifamily, Inc.
Derrek Ostrzyzek from CBRE represented the transaction in collaboration with the buyers, Intercontinental Real Estate Corporation and TruAmerica Multifamily, Inc., facilitating the transfer of the property.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$8,693,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$579,104.58
Cash-on-Cash Return-1.27%
Monthly Debt Service$772,703.16
Annual Debt Service$9,272,437.90
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