MultiFamily Property At 3288 5th Ave San Diego Sold For $51 Million With Derrek Ostrzyzek
SOLD
$51,000,000
California
See Similar DealsMultiFamily
Sold 09/01/2024
SOLD
MultiFamily Property At 3288 5th Ave San Diego Sold For $51 Million With Derrek Ostrzyzek
3288 5th Ave
See Similar DealsMultiFamily
Sold 09/01/2024
Summary
CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale
The property involved in this transaction is a MultiFamily asset located at 3288 5th Ave in the San Diego market. The sale was conducted for a total price of $51,000,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $51,000,000.00
- Address: 3288 5th Ave
- Market: San Diego
- Brokers: Derrek Ostrzyzek (CBRE)
- Sale Date: 09/01/2024
Derrek Ostrzyzek from CBRE represented the seller in this transaction. The involvement of a well-known broker adds credibility to the deal while facilitating the process for the stakeholders involved.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,719,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$181,192.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$241,766.02
Annual Debt Service$2,901,192.23
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