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221 South El Camino Real

Three Pillar Communities Acquires Manufactured Housing In Oceanside From Trico Properties For $8.675M
SOLDMultiFamily

Three Pillar Communities Acquires Manufactured Housing In Oceanside From Trico Properties For $8.675M

221 South El Camino Real

$8,675,000

$18/SF

Building Size

470,448 SF

Asset Type

MultiFamily

Closing

Sep 13, 2024

AI

The manufactured housing asset located at 221 South El Camino Real in Oceanside has been sold for $8,675,000. The property encompasses a total square footage of 470,448.

Summary of transaction details:

  • Property Type: Manufactured Housing
  • Transaction Amount: $8,675,000
  • Address: 221 South El Camino Real
  • Market: Oceanside
  • Buyer: Three Pillar Communities
  • Seller: Trico Properties
  • Brokers: Sam Neumark & Jeff Benson - NorthMarq

This transaction was facilitated by brokers Sam Neumark and Jeff Benson, representing the interests of the parties involved. The sale is indicative of Three Pillar Communities' investment strategy within the manufactured housing sector.

Players

Jeff Benson

NorthMarq

Broker

$381.6M

vol

19 deals

Broker

Oceanside 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

1.83%

Cash-on-Cash

-0.52%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93