Ibrahim Shariff Acquires Apartment Complex In Moraga, CA For $10.6M
SOLD
$10,600,000
California
See Similar DealsMultiFamily20,597 SF
Sold 02/17/2022
SOLD
Ibrahim Shariff Acquires Apartment Complex In Moraga, CA For $10.6M
344 Rheem Boulevard, Moraga, California 94556, United States
See Similar DealsMultiFamily20,597 SF
Sold 02/17/2022
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.
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Deal Type
30 years
10 years
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
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