Updated Dec 4, 2024
Bridge Investment Group Holdings Acquires Orange County Multifamily From MG Properties For $283.5M
2235 West Broadway, Anaheim, California 92804, United States
$283,500,000
$460/SF
Building Size
615,500 SF
Asset Type
MultiFamily
Closing
Aug 9, 2022
About this deal
AI
The multifamily property located at 2235 West Broadway in Orange County has been sold in a recent transaction. The sale was facilitated by MG Properties as the seller, and the buyer was Bridge Investment Group Holdings represented by Jonathan Slager.
Summary of transaction details:
- Property Type: Multifamily
- Sale Price: $283,500,000
- Units: 768
- Price per Unit: $369,140
- Square Footage: 615,500
- Price per Square Foot: $460
Jonathan Slager, representing Bridge Investment Group Holdings, played a key role in the transaction as the buyer. The property offers 768 units with a price per unit of $369,140. Spanning across 615,500 square feet, the property was sold at a price per square foot of $460.
Players
Anaheim 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
0.06%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93