facebook

traded

+ Submit
Home

/

Deals

/

California

/

Multifamily

/

Sale

/

32450 Candlewood Drive, Cat...

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

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

Tom Jonsson

James Capital Advisors

Broker

$32.8M

vol

8 deals

Broker

Cathedral City MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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