Updated Oct 28, 2024
Avanath Capital Management Acquires Multifamily Property In Mission Bay For $96M
420 Berry Street, San Francisco, California 94158, United States
$96,000,000
Units
236
Asset Type
MultiFamily
Closing
May 30, 2022
About this deal
AI
The multifamily property located at 420 Berry St. in Mission Bay has been sold for a total of $96,000,000. The transaction took place on May 31, 2022. The property spans across 3.6 acres and consists of 236 units. The price per unit stands at $407,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $96,000,000
- Address: 420 Berry St.
- Market: Mission Bay
- Acres: 3.6
The buyer of the property is Avanath Capital Management, represented by Daryl Carter. The seller, on the other hand, is Related Companies California and Chinatown Community Development Center.
On the Map
$96,000,000
MultiFamily
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Players
San Francisco MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93