SOLDMultiFamily
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
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.
Players
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