Advanced Real Estate Services Acquires Santa Ana Multifamily For $63.75M
SOLD
$63,750,000
California
See Similar DealsMultiFamily671,841 SF
Sold 12/04/2020
SOLD
Advanced Real Estate Services Acquires Santa Ana Multifamily For $63.75M
2111 W 17th St, Santa Ana, CA, USA
See Similar DealsMultiFamily671,841 SF
Sold 12/04/2020
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$94
Total Square Footage:671,841 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,400,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$226,490.28
Cash-on-Cash Return-1.27%
Monthly Debt Service$302,207.52
Annual Debt Service$3,626,490.28
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