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330 15th St, San Diego, Cal...

Preservation Equity Fund Advisors Acquires Multifamily Property In San Diego For $20M
SOLDMultiFamily

Preservation Equity Fund Advisors Acquires Multifamily Property In San Diego For $20M

330 15th St, San Diego, California 92101, United States

$20,000,000

Building Size

Asset Type

MultiFamily

Closing

Aug 12, 2022

AI

A multifamily property located at 330 15th St in San Diego, CA has been sold for $20,000,000. The transaction took place on 12/08/2022 and included a total of 91 units. The price per unit for this sale was $219,780.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $20,000,000
  • Date: 12/08/2022
  • Address: 330 15th St, San Diego, CA
  • Market: San Diego, CA
  • Buyer: Preservation Equity Fund Advisors - Will Cooper Jr
  • Units: 91
  • Price per Unit: $219,780

The buyer in this transaction was Preservation Equity Fund Advisors, represented by Will Cooper Jr.

Players

Will Cooper Jr

Preservation Equity Fund Advisors

Buyer

$83.5M

vol

2 deals

Buyer

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

0.79%

Cash-on-Cash

-0.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93