Security Properties Inc. & Enterprise Community Partners Acquire Multifamily Asset In San Bernardino, CA From Alliant Strategic Investments
SOLD
$33,000,000
California
See Similar DealsMultiFamily
Sold 10/28/2022
SOLD
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
See Similar DealsMultiFamily
Sold 10/28/2022
Summary
CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,759,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$117,242.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$156,436.84
Annual Debt Service$1,877,242.03
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