Cathedral City Multifamily Sells For $4.3M With Brokers Tom Jonsson, Will James & Peter James - James Capital Advisors And Daniel Ferreti, Jay Simmers, Elina Linner - Ferretti Real Estate Group
32450 Candlewood Drive, Cathedral City, California 92234, United States
$4,300,000
$215/SF
Building Size
20,000 SF
Asset Type
MultiFamily
Closing
Feb 10, 2022
AI
The multifamily property located at 32450 Candlewood Dr in Cathedral City, CA has been sold for a total price of $4,300,000. The property consists of 20 units, with an average price per unit of $215,000. The total square footage of the property is 20,000, resulting in a price per square foot of $215.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,300,000
- Address: 32450 Candlewood Dr, Cathedral City, CA
- Market: Cathedral City, CA
- Units: 20
- Price per Unit: $215,000
- Square Footage: 20,000
- Price per Square Foot: $215
The sale of this multifamily property was facilitated by the following brokers: Tom Jonsson, Will James, and Peter James from James Capital Advisors; and Daniel Ferreti, Jay Simmers, and Elina Linner from Ferretti Real Estate Group. They represented the respective buyers and sellers in this transaction.
Players
Cathedral City 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
3.69%
Cash-on-Cash
-1.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93