Updated Dec 19, 2023
John M Wunderling Acquires Richmond, CA Apartment From Sean Kirby For $14.9M
403 South Garrard Boulevard, Richmond, California 94804, United States
$14,970,982
$525/SF
Building Size
28,503 SF
Asset Type
MultiFamily
Closing
May 26, 2022
About this deal
AI
The property located at 401-403 S Garrard Blvd in Richmond, CA has been sold in a recent transaction. This apartment asset spans across a total area of 28,503 square feet. The sale took place on May 27, 2022. The buyer of the property is John M Wunderling, while the seller is Sean Kirby. The transaction amount for this property is $14,970,982, resulting in a price per square foot of $525.
Summary of transaction details
- Property Type: Apartment
- Sale Price: $14,970,982
- Total Square Footage: 28,503
- Price per Square Foot: $525
- Address: 401-403 S Garrard Blvd, Richmond, CA
- Market: Richmond, CA
This transaction involved two key individuals. John M Wunderling acted as the buyer in this deal, while Sean Kirby served as the seller. They were represented by their respective brokers or representatives throughout the transaction.
Players
Richmond 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
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93