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

Property Image
SOLD
$72,500,000

California

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MultiFamily
Sold 08/01/2016
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Property Image
SOLD

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

40140 Village Rd

See Similar Deals
MultiFamily
Sold 08/01/2016
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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.

Players

Derrek Ostrzyzek
116 deals$11.5B volume
BROKER

BUYER

Details

SOLD
IMAGE: 08/01/2016 ADDRESS: 40140 Village Rd MARKET: Temecula ASSET TYPE: MultiFamily BROKERS: Derrek Ostrzyzek(CBRE) BUYER: MIG Real Estate, LLC PRICE: $72,500,000.00

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$257,577.19
Cash-on-Cash Return-1.27%
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