Updated Oct 28, 2024
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
About this deal
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.
The multifamily sale at 26033 Getty Drive, Laguna Niguel, CA, USA in Laguna Niguel, California sold for $163M in 2021. Reported inventory is 169,204 square feet across 299 units, or about 963 per square foot. Named participants on the 26033 Getty Drive, Laguna Niguel, CA, USA sale are Michael Green, Scott McWhorter. This page is the Laguna Niguel, California file for the 26033 Getty Drive, Laguna Niguel, CA, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Laguna Niguel sit in the Market section below. Filter that Laguna Niguel multifamily set by closing date to see what else sold near 26033 Getty Drive, Laguna Niguel, CA, USA around 2021. Published consideration for 26033 Getty Drive, Laguna Niguel, CA, USA is $163M, dated 2021. Cite this Virtú Investments Acquires Laguna Niguel Multifamily For $163M sale when underwriting similar multifamily product around Laguna Niguel, California.
Players
Laguna Niguel 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
0.10%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93