CBRE Brokers $13.3M Sale Of 80-Unit Multifamily Property In San Bernardino
SOLD
$13,300,000
California
See Similar DealsMultiFamily
Sold 05/03/2022
SOLD
CBRE Brokers $13.3M Sale Of 80-Unit Multifamily Property In San Bernardino
2991 Mountain Avenue, San Bernardino, California 92404, United States
See Similar DealsMultiFamily
Sold 05/03/2022
Summary
CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$709,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$47,252.11
Cash-on-Cash Return-1.27%
Monthly Debt Service$63,048.79
Annual Debt Service$756,585.42
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