Virtú Investments Acquires Laguna Niguel Multifamily For $163M
26033 Getty Drive, Laguna Niguel, CA, USA
$163,000,000
$963/SF
Building Size
169,204 SF
Asset Type
MultiFamily
Closing
Nov 3, 2021
AI
A multifamily property located at 26033 Getty Drive in Laguna Niguel has been sold for a price of $163,000,000. The property consists of 299 units, with a price per unit of $545,000. The sale was completed on 11/03/2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $163,000,000
- Address: 26033 Getty Drive
- Market: Laguna Niguel
The buyer of the property is Virtú Investments represented by Michael Green & Scott McWhorter. The seller is Alliance Residential.
Players
Laguna Niguel MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.10%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93