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
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