Updated Jan 31, 2025
SOLDMultiFamily
MetLife Investment Management Acquires Multifamily Asset In West Covina For $171.5M
301 S Glendora Ave
$171,500,000
Building Size
—
Asset Type
MultiFamily
Closing
Jun 1, 2019
About this deal
AI
The property involved in this transaction is a multifamily asset located at 301 S Glendora Ave in West Covina. The transaction amount for this sale was $171,500,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $171,500,000.00
- Address: 301 S Glendora Ave
- Market: West Covina
- Buyer's Name: MetLife Investment Management
- Broker: Derrek Ostrzyzek, CBRE
- Sale Date: 06/01/2019
The deal involved MetLife Investment Management as the buyer and was facilitated by broker Derrek Ostrzyzek from CBRE, representing the buyer in this transaction.
West Covina 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
0.09%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93