MultiFamily Property At 3288 5th Ave San Diego Sold For $51 Million With Derrek Ostrzyzek
3288 5th Ave
$51,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Sep 1, 2024
AI
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.
Players
San Diego 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
0.31%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93