Advanced Real Estate Services Acquires Santa Ana Multifamily For $63.75M
2111 W 17th St, Santa Ana, CA, USA
$63,750,000
$94/SF
Building Size
671,841 SF
Asset Type
MultiFamily
Closing
Dec 3, 2020
AI
The multifamily property located at 2111 W. 17th St. in Santa Ana was recently sold for a total of $63,750,000. The transaction took place on December 4, 2020. This property consists of 240 units, resulting in a per unit price of $265,625.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $63,750,000
- Date: 12/04/2020
- Address: 2111 W. 17th St.
- Market: Santa Ana
- Units: 240
- Price Per Unit (PPU): $265,625
The buyer of this property was Advanced Real Estate Services. The brokerage for this transaction was handled by Matthew Kipp and Tyler Leeson, both from Marcus & Millichap.
Players
Santa Ana 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
0.25%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93