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2265 Curlew Street, San Die...

Floit Properties Acquires San Diego Multifamily From Katz Family Limited Partnership
SOLDMultiFamily

Floit Properties Acquires San Diego Multifamily From Katz Family Limited Partnership

2265 Curlew Street, San Diego, California 92101, United States

$2,600,000

Building Size

Asset Type

MultiFamily

Closing

Sep 8, 2022

AI

The multifamily property at 2265 Curlew Street in San Diego has been sold for a price of $2,600,000. The transaction took place on 09/09/2022. The property consists of 8 units, with a price per unit (PPU) of $325,000. The seller was the Katz Family Limited Partnership, and the buyer was Floit Properties. The deal was facilitated by Conor Brennan from Marcus & Millichap.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,600,000
  • Units: 8
  • Price per Unit (PPU): $325,000
  • Address: 2265 Curlew Street, San Diego
  • Market: San Diego

Conor Brennan from Marcus & Millichap represented Floit Properties in the transaction. The sale of this multifamily property signifies a significant investment opportunity in the San Diego market. The deal highlights the continued demand for multifamily properties in the area.

Players

Conor Brennan

CBRE

Broker

$84.6M

vol

9 deals

Broker

San Diego 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

6.10%

Cash-on-Cash

-1.74%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93