Marcus & Millichap Sells Multifamily Property In Santa Barbara For $2.61M With Buyers Rep Glen Scher, Filip Niculete & Michael McNulty Jr

A multifamily property located at 318 S Voluntario St in Santa Barbara has been sold for a price of $2,610,000. The property consists of 8 units with a price per unit of $326,250. Spanning across 5,500 square feet, the property has a price per square foot of $470. The transaction took place on April 16, 2021, and was facilitated by brokers Michael McNulty Jr., Filip Niculete, and Glen Scher from LaaaTeam - Marcus & Millichap, as well as Eadan Avgi from Keller Williams Beverly Hills.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,610,000
• Units: 8
• Price Per Unit: $326,250
• Square Footage: 5,500
• Price Per Square Foot: $470
• Capitalization Rate: 4.85%
• Gross Rent Multiplier: 13.53
• Market: Santa Barbara

Leading the deal were brokers Michael McNulty Jr., Filip Niculete, and Glen Scher from LaaaTeam - Marcus & Millichap, along with Eadan Avgi from Keller Williams Beverly Hills. Their expertise and dedication played a significant role in facilitating this transaction.