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40140 Village Rd

MIG Real Estate, LLC Acquires 40140 Village Rd Multifamily In Temecula For $72.5M
SOLDMultiFamily

MIG Real Estate, LLC Acquires 40140 Village Rd Multifamily In Temecula For $72.5M

40140 Village Rd

$72,500,000

Building Size

Asset Type

MultiFamily

Closing

Aug 1, 2016

AI

The asset involved in this transaction is a MultiFamily property located at 40140 Village Rd in the Temecula market. The property was sold for a price of $72,500,000.00.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $72,500,000.00
  • Sale Date: 08/01/2016
  • Address: 40140 Village Rd
  • Market: Temecula
  • Buyer: MIG Real Estate, LLC
  • Broker: Derrek Ostrzyzek, CBRE

Key individuals in this transaction include the buyer MIG Real Estate, LLC, and the representing broker Derrek Ostrzyzek from CBRE. These parties were instrumental in facilitating the completion of the deal.

Players

Derrek Ostrzyzek

CBRE

Broker

$11.6B

vol

117 deals

Broker
ML
MIG Real Estate, LLCBuyer

Temecula MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.22%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93