Levin Johnston Brokers $26M Sale Of 52-Unit Multifamily Property In Hayward, CA
SOLD
$26,000,000
California
See Similar DealsMultiFamily
Sold 10/11/2022
SOLD
Levin Johnston Brokers $26M Sale Of 52-Unit Multifamily Property In Hayward, CA
28955 Mission Boulevard, Hayward, California 94544, United States
See Similar DealsMultiFamily
Sold 10/11/2022
Summary
CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale
The multifamily property located at 28955 Mission Blvd in Hayward, CA has been sold for a total price of $26,000,000. The property spans approximately 2.85 acres and consists of 52 units. The sale was facilitated by brokers Robert Johnston, Adam Levin, and Kevin Turner from Levin Johnston, a part of Marcus & Millichap.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $26,000,000
- Address: 28955 Mission Blvd, Hayward, CA
- Market: Hayward, CA
- Asset Type: Multifamily
- Acres: 2.85
- Brokers: Robert Johnston, Adam Levin, and Kevin Turner - Levin Johnston - Marcus & Millichap
- Units: 52
- Price Per Unit: $500,000
The deal was successfully closed on 10/11/2022, demonstrating the expertise and professionalism of the brokers involved. This transaction represents a significant investment opportunity in the multifamily real estate market in Hayward, CA.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,386,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$92,372.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$123,253.26
Annual Debt Service$1,479,039.17
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