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Wisconsin EP, LLC Acquires 22-Unit Multifamily Property In El Cajon For $5.8M

Property Image
SOLD
$5,775,000

California

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MultiFamily
Sold 05/22/2023
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Property Image
SOLD

Wisconsin EP, LLC Acquires 22-Unit Multifamily Property In El Cajon For $5.8M

299 Wisconsin Ave El Cajon, CA 92020, USA

See Similar Deals
MultiFamily
Sold 05/22/2023
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale

Benn Vogelsang of Northmarq arranged the sale of a 22-unit apartment building in El Cajon for $5,775,000. The property is located at 299 Wisconsin Avenue in downtown El Cajon and offers two- and three-bedroom units. Amenities include onsite laundry, storage space, and assigned parking.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $5,775,000
  • Address: 299 Wisconsin Avenue
  • Market: El Cajon

Wisconsin Apartments, LLC sold the property to Wisconsin EP, LLC. Benn Vogelsang of Northmarq represented both the buyer and seller in the deal.

Players

Benn Vogelsang
NorthMarq
Benn Vogelsang
5 deals$21M volume
BROKER

Details

SOLD
IMAGE: Benn Vogelsang DATE: 05/22/2023 ADDRESS: 299 Wisconsin Avenue MARKET: El Cajon ASSET TYPE: Multifamily BUYER: Wisconsin EP, LLC SELLER: Wisconsin Apartments, LLC BROKER: Benn Vogelsang - Northmarq SALE PRICE: $5,775,000 UNITS: 22 ~ PPU: $262,500 NOTE: Benn Vogelsang of Northmarq arranged the sale of a 22-unit apartment building in El Cajon for $5,775,000. The property, located in downtown El Cajon, offers two- and three-bedroom units with amenities such as onsite laundry, storage space, and assigned parking.

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Operating Income
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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$20,517.36
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