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Warrior Foundation Freedom Station Acquires Multifamily In San Diego For $5M

Property Image
SOLD
$5,000,000
Dylan Wright
Connor Arleo
+ 1

California

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MultiFamily
Sold 09/12/2022
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Property Image
SOLD

Warrior Foundation Freedom Station Acquires Multifamily In San Diego For $5M

4058 Hamilton Street, San Diego, California 92104, United States

See Similar Deals
MultiFamily
Sold 09/12/2022
Dylan Wright
Connor Arleo
+ 1
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale

Warrior Foundation Freedom Station has purchased a multifamily property located at 4058 Hamilton Street in San Diego. The property consists of 12 units and was sold for a price of $5,000,000, resulting in a per unit price of $416,667. The sale was facilitated by Ben Sierpina and Raymond S. Choi of Marcus & Millichap, who represented the seller, and Dylan Wright and Connor Arleo of ACRE Investment Real Estate Services, who represented the buyer.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $5,000,000
  • Address: 4058 Hamilton Street, San Diego
  • Market: San Diego
  • Buyer: Warrior Foundation Freedom Station
  • Buyer's Rep: Dylan Wright & Connor Arleo - ACRE Investment Real Estate Services
  • Seller's Rep: Ben Sierpina & Raymond S. Choi - Marcus & Millichap
  • Units: 12
  • Price per unit: $416,667

Ben Sierpina and Raymond S. Choi of Marcus & Millichap represented the seller in the transaction, while Dylan Wright and Connor Arleo of ACRE Investment Real Estate Services represented the buyer, Warrior Foundation Freedom Station. This acquisition marks an important step for the buyer in expanding their multifamily property portfolio in San Diego.

Players

Dylan Wright
1 deal$5M volume
BROKER

Connor Arleo
ACRE Investment Real Estate Services
1 deal$5M volume
BROKER

Ben Sierpina
Marcus & Millichap
10 deals$57.3M volume
BROKER

Raymond S. Choi
Marcus & Millichap
4 deals$31.3M volume
BROKER

BUYER

Details

SOLD
IMAGE: Ben Sierpina & Raymond S. Choi DATE: 09/12/2022 ADDRESS: 4058 Hamilton Street MARKET: San Diego ASSET TYPE: Multifamily BUYER: Warrior Foundation Freedom Station BUYER'S REP: Dylan Wright & Connor Arleo - ACRE Investment Real Estate Services SELLER'S REP: Ben Sierpina & Raymond S. Choi - Marcus & Millichap (@MarcusMillichapLosAngeles) SALE PRICE: $5,000,000 UNITS: 12 ~ PPU: $416,667

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$266,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$17,763.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,702.55
Annual Debt Service$284,430.61