Pacific Urban Investors Acquires Multifamily Property In Fremont For $127M
SOLD
$127,000,000
California
See Similar DealsMultiFamily228,624 SF
Sold
SOLD
Pacific Urban Investors Acquires Multifamily Property In Fremont For $127M
39800 Fremont Boulevard, Fremont, California 94538, United States
See Similar DealsMultiFamily228,624 SF
Sold
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$555
Total Square Footage:228624 SF
Transaction Type:Sale
The multifamily property located at 39800 Fremont Blvd. in Fremont was recently sold for a total of $127,000,000. The property consists of 246 units, and the price per unit (PPU) amounts to $516,260.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $127,000,000
- Units: 246
- Price per Unit (PPU): $516,260
Pacific Urban Investors, represented by Alfred Pace, acted as the buyer in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$6,773,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$451,204.18
Cash-on-Cash Return-1.27%
Monthly Debt Service$602,044.79
Annual Debt Service$7,224,537.51
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