Updated Oct 28, 2024
Standard Communities Acquires Multifamily Property In Glendale For $100M
3909 San Fernando Road, Glendale, CA 91204, USA
$100,000,000
$19,379/SF
Building Size
5,160 SF
Asset Type
MultiFamily
Closing
Jun 25, 2020
About this deal
AI
Jeffrey E. Jaeger & Scott J. Alter have closed the sale of a multifamily property located at 3909 San Fernando Road in Glendale. The transaction took place on June 25, 2021. The property consists of 143 units, with a per unit price of $699,300. Standard Communities acquired the property for a total sale price of $100,000,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $100,000,000
- Units: 143
- Per Unit Price: $699,300
Jeffrey E. Jaeger & Scott J. Alter represented the buyer, Standard Communities, in this transaction.
Players
Glendale 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
0.16%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93