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
Oceanside 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
1.83%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93