Updated Jan 31, 2025
Manulife Investment Management Acquires Multifamily Asset In Chula Vista For $142.5M
2816 Cielo Circulo
$142,500,000
Building Size
—
Asset Type
MultiFamily
Closing
May 1, 2015
About this deal
AI
The property asset involved in the transaction is a multi-family asset located at 2816 Cielo Circulo, Chula Vista. The transaction was finalized for a total price of $142,500,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $142,500,000.00
- Address: 2816 Cielo Circulo
- Market: Chula Vista
- Buyer: Manulife Investment Management
- Brokers: Derrek Ostrzyzek (CBRE)
- Sale Date: 05/01/2015
Derrek Ostrzyzek from CBRE represented the buyer, Manulife Investment Management, in this transaction, facilitating the details of the deal.
The multifamily sale at 2816 Cielo Circulo in Chula Vista, California sold for $142.5M in 2015. 2816 Cielo Circulo is classified as Multifamily on Traded. Derrek Ostrzyzek, CBRE appear on the sale alongside CBRE. This page is the Chula Vista, California file for the 2816 Cielo Circulo multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Chula Vista sit in the Market section below. Filter that Chula Vista multifamily set by closing date to see what else sold near 2816 Cielo Circulo around 2015. Published consideration for 2816 Cielo Circulo is $142.5M, dated 2015. Cite this Manulife Investment Management Acquires Multifamily Asset In Chula Vista For $142.5M sale when underwriting similar multifamily product around Chula Vista, California.
Chula Vista 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
0.11%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93