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32450 Candlewood Drive, Cat...

Updated Sep 12, 2024

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
SOLDMultiFamily

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

About this deal

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.

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$4,300,000

$215/SF

MultiFamily

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Players

Tom Jonsson

James Capital Advisors

Broker

$32.8M

vol

8 deals

Broker
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Cathedral City MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $215 per square foot on a published $4.3M for 20,000 square feet (2022).

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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

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