CBRE Brokers $13.3M Sale Of 80-Unit Multifamily Property In San Bernardino
2991 Mountain Avenue, San Bernardino, California 92404, United States
$13,300,000
Building Size
—
Asset Type
MultiFamily
Closing
May 2, 2022
AI
The multifamily property located at 2991 & 2995 Mountain Ave. in San Bernardino has been sold for a total of $13,300,000. The sale took place on 05/03/2022. The property comprises 80 units, with a per unit price of $166,250.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $13,300,000
- Units: 80
- Price Per Unit: $166,250
- Address: 2991 & 2995 Mountain Ave.
- Market: San Bernardino
The sale of this multifamily property was brokered by Cray Carlson from CBRE. Their expertise and representation facilitated the successful completion of the deal.
Players
Twentynine Palms 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
1.19%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93