Updated Jan 22, 2025
MultiFamily Property Sold At 2365 S Promenade Ave Corona For $71.3M With Broker Derrek Ostrzyzek
2365 S Promenade Ave
$71,300,000
Building Size
—
Asset Type
MultiFamily
Closing
Aug 1, 2023
About this deal
AI
The property asset involved in the transaction is a MultiFamily asset located at 2365 S Promenade Ave in Corona. The transaction was finalized at a price of $71,300,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $71,300,000.00
- Address: 2365 S Promenade Ave
- Market: Corona
- Broker: Derrek Ostrzyzek - CBRE
Derrek Ostrzyzek represented the seller in this transaction, facilitating the deal in the competitive market environment of Corona.
The multifamily sale at 2365 S Promenade Ave in Corona, California sold for $71.3M in 2023. 2365 S Promenade Ave is classified as Multifamily on Traded. Derrek Ostrzyzek, CBRE appear on the sale alongside CBRE. This page is the Corona, California file for the 2365 S Promenade Ave multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Corona sit in the Market section below. Filter that Corona multifamily set by closing date to see what else sold near 2365 S Promenade Ave around 2023. Published consideration for 2365 S Promenade Ave is $71.3M, dated 2023. Cite this MultiFamily Property Sold At 2365 S Promenade Ave Corona For $71.3M With Broker Derrek Ostrzyzek sale when underwriting similar multifamily product around Corona, California.
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Corona 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
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93