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CMFA Special Finance Agency & BLDG Partners Acquire Multifamily Property In Orange For $141.8M

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SOLD
$141,750,000

California

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MultiFamily258,703 SF
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SOLD

CMFA Special Finance Agency & BLDG Partners Acquire Multifamily Property In Orange For $141.8M

3099 Chapman Avenue

See Similar Deals
MultiFamily258,703 SF
Sold
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$547
Total Square Footage:258703 SF
Transaction Type:Sale

Located at 3099 W. Chapman Ave. in Orange, a multifamily property has been sold for a total price of $141,750,000. The property consists of 282 units with an average price per unit of $502,659. Spanning across 258,703 square feet, the property has a price per square foot of $547. The transaction took place on January 13, 2022.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $141,750,000
  • Address: 3099 W. Chapman Ave.
  • Market: Orange

CMFA Special Finance Agency and BLDG Partners acted as buyers in the deal, while UBS served as the seller. The transaction was facilitated by Marcus & Millichap, with Greg Harris, Joe Grabiec, and Kevin Green representing the parties involved.

Players

Kevin Green
50 deals$3.4B volume(310) 706-4416
BROKER

Gregory (Greg) Harris
Marcus & Millichap
34 deals$2.7B volume
BROKER

Joseph "Joe" Grabiec
Marcus & Millichap
40 deals$2.9B volume
BROKER

BLDG Partners
BROKERAGE



UBS
SELLER

Details

SOLD
IMAGE: Matthew Jacobs, Matthew Ellis, Sam Kuiumdjian & Guy Penini DATE: 01/13/2022 ADDRESS: 3099 W. Chapman Ave. MARKET: Orange ASSET TYPE: Multifamily BUYER: CMFA Special Finance Agency & BLDG Partners SELLER: UBS BROKERS: Greg Harris, Joe Grabiec & Kevin Green - Marcus & Millichap SALE PRICE: $141,750,000 UNITS: 282 ~ PPU: $502,659 SF: 258,703 ~ PPSF: $547

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$7,560,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$503,607.81
Cash-on-Cash Return-1.27%
Monthly Debt Service$671,967.32
Annual Debt Service$8,063,607.81