facebook
Traded Co logo
Submit

Ibrahim Shariff Acquires Apartment Complex In Moraga, CA For $10.6M

Property Image
SOLD
$10,600,000

California

See Similar Deals
MultiFamily20,597 SF
Sold 02/17/2022
the dealplayerscompscontact
Property Image
SOLD

Ibrahim Shariff Acquires Apartment Complex In Moraga, CA For $10.6M

344 Rheem Boulevard, Moraga, California 94556, United States

See Similar Deals
MultiFamily20,597 SF
Sold 02/17/2022
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$514
Total Square Footage:20,597 SF
Transaction Type:Sale

The apartment property located at 344 Rheem Blvd in Moraga, CA was recently sold in a closed transaction. The property spans a total area of 20,597 square feet and was sold at a price of $10,600,000. This translates to a price per square foot of $514.

Summary of transation details

  • Property Type: Apartment
  • Transaction Amount: $10,600,000
  • Square Footage: 20,597
  • Address: 344 Rheem Blvd, Moraga, CA

The buyer of this apartment property was Ibrahim Shariff, while the seller was Jeff Smith.

Players

4 deals$58.6M volume
SELLER

Details

SOLD
IMAGE: 02/17/2022 ADDRESS: 344 Rheem Blvd MARKET: Moraga, CA ASSET TYPE: Apartment BUYER: Ibrahim Shariff SELLER: Jeff Smith PRICE: $10,600,000 SF: 20,597 ~ PPSF: $514

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$565,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$37,659.58
Cash-on-Cash Return-1.27%
Monthly Debt Service$50,249.41
Annual Debt Service$602,992.89