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Interstate Equities Corporation Acquires Multifamily Property In Orange County For $205.5M

Property Image
SOLD
$205,500,000

California

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MultiFamily
Sold 02/07/2022
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Property Image
SOLD

Interstate Equities Corporation Acquires Multifamily Property In Orange County For $205.5M

25550 River Bend Road, Yorba Linda, California 92887, United States

See Similar Deals
MultiFamily
Sold 02/07/2022
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale

The multifamily property located at 25550 River Bend Road in Orange County was recently sold for a price of $205,500,000. The transaction took place on February 7, 2022, and involved the sale of a total of 400 units. With a price per unit of $513,750, this property is a valuable asset in the market.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $205,500,000
  • Date: 02/07/2022
  • Address: 25550 River Bend Road
  • Market: Orange County
  • Buyer: Interstate Equities Corporation
  • Seller: Resource REIT
  • Broker: Shane Shafer - Northmarq
  • Units: 400
  • Price per Unit: $513,750

Shane Shafer from Northmarq acted as the broker in this transaction, representing both the buyer, Interstate Equities Corporation, and the seller, Resource REIT. This successful deal showcases the expertise and professionalism of the involved parties.

Players

Shane Shafer
Colliers
Shane Shafer
14 deals$814.3M volume(949) 724-5527
BROKER
Interstate Equities Corp.
Interstate Equities Corp.
BUYER

Details

SOLD
IMAGE: Shane Shafer DATE: 02/07/2022 ADDRESS: 25550 River Bend Road MARKET: Orange County ASSET TYPE: Multifamily BUYER: Interstate Equities Corporation SELLER: Resource REIT BROKER: Shane Shafer - Northmarq SALE PRICE: $205,500,000 UNITS: 400 ~ PPU: $513,750

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$10,960,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$730,098.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$974,174.84
Annual Debt Service$11,690,098.09