Updated Oct 28, 2024
Decron Properties Sells Simi Valley Multifamily For $190M With IPA-Marcus & Millichap
241 Country Club Dr, Simi Valley, CA, USA
$190,000,000
$289/SF
Building Size
656,850 SF
Asset Type
MultiFamily
Closing
Dec 3, 2021
About this deal
AI
Decron Properties has sold a multifamily property located at 241 Country Club Dr. in Simi Valley. The property consists of 504 units and was sold for a total price of $190,000,000, resulting in a per unit price of $376,984. The transaction took place on 12/03/2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $190,000,000
- Address: 241 Country Club Dr., Simi Valley
- Units: 504
- Price Per Unit (PPU): $376,984
The sale was facilitated by Kevin Green, Greg Harris, and Joseph Grabiec from Institutional Property Advisors, who represented the seller, Decron Properties. They are part of the Marcus & Millichap agency.
Players
Simi Valley MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Kevin Green to view all their deals.
Browse California multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.08%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93