MIG Real Estate, LLC Acquires 40140 Village Rd Multifamily In Temecula For $72.5M
SOLD
$72,500,000
California
See Similar DealsMultiFamily
Sold 08/01/2016
SOLD
MIG Real Estate, LLC Acquires 40140 Village Rd Multifamily In Temecula For $72.5M
40140 Village Rd
See Similar DealsMultiFamily
Sold 08/01/2016
Summary
CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,866,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$257,577.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$343,686.99
Annual Debt Service$4,124,243.85
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