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
San Bernardino 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
0.48%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93