facebook
Traded Co logo
Submit

Bascom Group Buys La Mesa Multifamily For $26.8M From Vista Investment Group

Property Image
SOLD
$26,800,000

California

See Similar Deals
MultiFamily4,424 SF
Sold 08/10/2020
the dealdetailscomps
Property Image
SOLD

Bascom Group Buys La Mesa Multifamily For $26.8M From Vista Investment Group

4300 Echo Ct, La Mesa, CA, USA

See Similar Deals
MultiFamily4,424 SF
Sold 08/10/2020

Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$6,057
Total Square Footage:4,424 SF
Transaction Type:Sale

An 80-unit multifamily property located at 4300 Echo Ct in La Mesa has been sold for a total price of $26,800,000. The property was acquired by Bascom Group from the seller, Vista Investment Group. The transaction took place on 08/10/2021.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $26,800,000
  • Units: 80
  • Price Per Unit (PPU): $335,000
  • Address: 4300 Echo Ct
  • Market: La Mesa

Chad Sanderson captured an image of the property, showcasing its features. The deal was brokered by Bascom Group's representative and Vista Investment Group's representative.

Players

BUYER

Details

SOLD
IMAGE: Chad Sanderson DATE: 08/10/2021 ADDRESS: 4300 Echo Ct. MARKET: La Mesa ASSET TYPE: Multifamily BUYER: Bascom Group SELLER: Vista Investment Group SALE PRICE: $26,800,000 UNITS: 80 ~ PPU: $335,000

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,429,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$95,214.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$127,045.67
Annual Debt Service$1,524,548.07