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Scott Maddux's Sunstone Two Tree Acquisitions LLC Purchases Terraza Hills Apartments In El Cajon For $45M
SOLD
$45,000,000
California
See Similar DealsMultiFamily
Sold 04/01/2025
SOLD
Scott Maddux's Sunstone Two Tree Acquisitions LLC Purchases Terraza Hills Apartments In El Cajon For $45M
425 East Bradley Avenue
See Similar DealsMultiFamily
Sold 04/01/2025
Summary
CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale
The property asset involved in the transaction is the Terraza Hills Apartments, a multifamily property located at 425 East Bradley Avenue in El Cajon, CA. The asset consists of 200 units, with a price per unit of $225,000, totaling a sale price of $45,000,000. This multifamily investment demonstrates investment activity in a competitive market.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $45,000,000
- Units: 200
- Price Per Unit: $225,000
- Buyer: Scott Maddux - Sunstone Two Tree Acquisitions LLC
- Seller: Terraza TI CI LLC
- Brokers: Edward Rosen, Tyler Sinks & John Chu - NorthMarq
This deal was facilitated by Northmarq’s San Diego Multifamily Investment Sales team, effectively representing the seller, Terraza TI CI LLC. The transaction illustrates the ongoing investor interest in value-add multifamily assets within San Diego County, despite prevailing economic uncertainties.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,400,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$159,875.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$213,322.96
Annual Debt Service$2,559,875.50
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