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Intercontinental Real Estate Corporation Acquires Agoura Hills Multifamily For $87.3M

Property Image
SOLD
$87,300,000
Jim Fisher
Mike Smith
+ 1

California

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MultiFamily
Sold 09/12/2022
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Property Image
SOLD

Intercontinental Real Estate Corporation Acquires Agoura Hills Multifamily For $87.3M

30856 Agoura Road, Agoura Hills, California 91301, United States

See Similar Deals
MultiFamily
Sold 09/12/2022
Jim Fisher
Mike Smith
+ 1
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale

The multifamily property located at 30856 Agoura Road in Agoura Hills has been sold for a total of $87,300,000. The transaction took place on 09/12/2022 and involved a total of 178 units. The property spans over 15 acres and has been acquired by Intercontinental Real Estate Corporation, represented by Jessica Levin and MG Properties.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $87,300,000
  • Address: 30856 Agoura Road, Agoura Hills
  • Market: Agoura Hills
  • Acres: 15

In this transaction, Intercontinental Real Estate Corporation was represented by Vince Norris, Jim Fisher, Mike Smith, and Bryan Schellinger from Northmarq as their brokers.

The sale price of $87,300,000 translates to an average price per unit of $490,449.

Players

Bryan Schellinger
11 deals$567.7M volume(424) 422-0905
BROKER

Mike Smith
NorthMarq
9 deals$389.3M volume
BROKER

Jim Fisher
NorthMarq
8 deals$352.4M volume
BROKER

Vince Norris
NorthMarq
13 deals$415.9M volume
BROKER

BUYER

Details

SOLD
IMAGE: Jessica Levin DATE: 09/12/2022 ADDRESS: 30856 Agoura Road MARKET: Agoura Hills ASSET TYPE: Multifamily ~ ACRES: 15 BUYER: Intercontinental Real Estate Corporation - Jessica Levin & MG Properties (@MG_Props) BROKERS: Vince Norris, Jim Fisher, Mike Smith & Bryan Schellinger - Northmarq (@Northmarq) SALE PRICE: $87,300,000 UNITS: 178 ~ PPU: $490,449

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Deal Type
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Net Operating Income (NOI)

$4,656,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$310,158.46
Cash-on-Cash Return-1.27%
Monthly Debt Service$413,846.54
Annual Debt Service$4,966,158.46