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Marcus & Millichap Brokers Facilitate $49.5M Sale Of Torrance Multifamily Property

Property Image
SOLD
$49,525,000
Kevin King
Matthew Kipp
+ 4

California

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MultiFamily100,149 SF
Sold 02/02/2022
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Property Image
SOLD

Marcus & Millichap Brokers Facilitate $49.5M Sale Of Torrance Multifamily Property

25935 Rolling Hills Road, Torrance, California 90505, United States

See Similar Deals
MultiFamily100,149 SF
Sold 02/02/2022
Kevin King
Matthew Kipp
+ 4
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$494
Total Square Footage:100,149 SF
Transaction Type:Sale

Located at 25935 Rolling Hills Rd in Torrance, this multifamily property was recently sold in a closed transaction. The property consists of 107 units, with each unit priced at an average of $462,850. The total sale price for the property was $49,525,000.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $49,525,000
  • Address: 25935 Rolling Hills Rd
  • Market: Torrance

The sale of this property was facilitated by Tyler Leeson, Kevin King, Nick Kazemi, Matthew Kipp, Joseph Grabiec, Kevin Green & Greg Harris, who represented the buyer and seller on behalf of Marcus & Millichap. Their expertise and negotiation skills played a crucial role in finalizing the deal.

Players

Kevin Green
54 deals$3.5B volume(310) 706-4416
BROKER

Gregory (Greg) Harris
Marcus & Millichap
36 deals$2.9B volume
BROKER

Joseph "Joe" Grabiec
Marcus & Millichap
43 deals$3B volume
BROKER

Tyler Leeson
Marcus & Millichap
14 deals$397.4M volume
BROKER

Matthew Kipp
Marcus & Millichap
12 deals$420.1M volume
BROKER

Kevin King
Marcus & Millichap
3 deals$111.5M volume
BROKER

Nick Kazemi
Marcus & Millichap
8 deals$205.2M volume
BROKER

Details

SOLD
IMAGE: Matthew Kipp, Tyler Leeson, Nick Kazemi, Kevin King, Greg Harris, Kevin Green & Joseph Grabiec DATE: 02/02/2022 ADDRESS: 25935 Rolling Hills Rd. MARKET: Torrance ASSET TYPE: Multifamily BROKERS: Tyler Leeson, Kevin King, Nick Kazemi, Matthew Kipp, Joseph Grabiec, Kevin Green & Greg Harris - Marcus & Millichap SALE PRICE: $49,525,000 UNITS: 107 ~ PPU: $462,850

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

$2,641,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$175,951.88
Cash-on-Cash Return-1.27%
Monthly Debt Service$234,773.77
Annual Debt Service$2,817,285.20