Fairfield Residential Acquires Multifamily Property In Pasadena, CA For $172.3M
265 South Arroyo Parkway, Pasadena, California 91105, United States
$172,300,000
Building Size
—
Asset Type
MultiFamily
Closing
Oct 18, 2022
AI
The multifamily property located at 265-275 South Arroyo Parkway in Pasadena, CA has been sold for a total price of $172,300,000. The sale took place on October 19, 2022. The property consists of 347 units, with an average price per unit of $496,542.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $172,300,000
- Units: 347
- Price Per Unit: $496,542
- Market: Pasadena, CA
The buyer of the property is Fairfield Residential represented by Greg Pinkalla. The seller is AvalonBay Communities Inc.
Pasadena 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
0.09%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93