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2300 Contra Costa Boulevard...

California Capital & Investment Group Acquires Multifamily Property In Pleasant Hill For $38.5M
SOLDMultiFamily

California Capital & Investment Group Acquires Multifamily Property In Pleasant Hill For $38.5M

2300 Contra Costa Boulevard, Pleasant Hill, California 94523, United States

$38,500,000

$285/SF

Building Size

135,000 SF

Asset Type

MultiFamily

Closing

Jul 21, 2022

AI

The multifamily property located at 2300 Contra Costa Boulevard in Pleasant Hill was recently sold in a transaction for $38,500,000. The property spans 135,000 square feet, resulting in a price per square foot of $285.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $38,500,000
  • Address: 2300 Contra Costa Boulevard, Pleasant Hill
  • Market: Pleasant Hill

The buyer of the property was California Capital & Investment Group, while the seller was Eagle Canyon Capital. The sale was facilitated by brokers Scott Prosser, Jack DePuy, Joe Moriarty, Mike Taquino, Giancarlo Sangiacomo, and Alec Haley from CBRE.

Players

Jack DePuy

CBRE

Broker

$407.8M

vol

9 deals

Broker
CG
California Capital & Investment GroupBuyer

Pleasant Hill 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

0.41%

Cash-on-Cash

-0.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93