Virtú Investments Acquires Laguna Niguel Multifamily For $163M
SOLD
California
See Similar DealsMultiFamily169,204 SF
Sold 11/03/2021
SOLD
Virtú Investments Acquires Laguna Niguel Multifamily For $163M
26033 Getty Drive, Laguna Niguel, CA, USA
See Similar DealsMultiFamily169,204 SF
Sold 11/03/2021
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$963
Total Square Footage:169,204 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$8,693,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$579,104.58
Cash-on-Cash Return-1.27%
Monthly Debt Service$772,703.16
Annual Debt Service$9,272,437.90
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