Updated Jan 31, 2025
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.
On the Map
$171,500,000
MultiFamily
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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