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
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