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434 E 4th St, Long Beach, C...

Harbor Group International Acquires Property In Long Beach For $180 Million With Rep Geoff Boler
SOLDMultiFamily

Harbor Group International Acquires Property In Long Beach For $180 Million With Rep Geoff Boler

434 E 4th St, Long Beach, CA, 90802

$180,000,000

Building Size

Asset Type

MultiFamily

Closing

Aug 2, 2022

AI

The property asset involved in this transaction is located at 434 E 4th St, Long Beach, CA, 90802. It is situated in the Long Beach market, and the total transaction amount for this deal was $180,000,000. The property has a square footage of 0.

Summary of transaction details:

  • Property Type: Sale
  • Transaction Amount: $180,000,000.00
  • Address: 434 E 4th St, Long Beach, CA, 90802
  • Market: Long Beach
  • Buyer's Name: Harbor Group International
  • Seller's Representative: Geoff Boler-Eastdil Secured

The transaction features Harbor Group International as the buyer, facilitating the purchase through their representative. The seller's representative, Geoff Boler from Eastdil Secured, managed the interests of the seller during this transaction process.

Players

Geoff Boler

Newmark

Broker

$2.1B

vol

11 deals

Broker
Harbor Group International
Harbor Group InternationalBuyer

Long Beach 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

0.09%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93