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2122 West Chestnut Street, ...

Security Properties Inc. & Enterprise Community Partners Acquire Multifamily Asset In San Bernardino, CA From Alliant Strategic Investments
SOLDMultiFamily

Security Properties Inc. & Enterprise Community Partners Acquire Multifamily Asset In San Bernardino, CA From Alliant Strategic Investments

2122 West Chestnut Street, San Bernardino, California 92410, United States

$33,000,000

Building Size

Asset Type

MultiFamily

Closing

Oct 27, 2022

AI

Security Properties Inc. and Enterprise Community Partners have acquired a multifamily property in San Bernardino, CA. The property, located at 2122 West Chestnut St, was sold by Alliant Strategic Investments for a total of $33,000,000. The transaction took place on October 28, 2022 and involved 184 units, with a per unit price of $179,348.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $33,000,000
  • Address: 2122 West Chestnut St, San Bernardino, CA
  • Buyer: Security Properties Inc. & Enterprise Community Partners
  • Seller: Alliant Strategic Investments
  • Broker: Bruce Furniss - Berkadia
  • Units: 184
  • Price per Unit: $179,348

Bruce Furniss from Berkadia represented the buyer and seller in this transaction.

Players

Bruce Furniss

Berkadia

Broker

$133.4M

vol

4 deals

Broker
SI
Security Properties Inc.Buyer
AI
Alliant Strategic InvestmentsSeller

San Bernardino MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.48%

Cash-on-Cash

-0.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93