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

Property Image
SOLD
$180,000,000

California

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MultiFamily
Sold 08/02/2022
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Property Image
SOLD

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

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

See Similar Deals
MultiFamily
Sold 08/02/2022
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale

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
10 deals$1.9B volume(949) 608-2031
BROKER

Harbor Group International
BUYER

Details

SOLD
IMAGE: 434 E 4th St, Long Beach, CA, 90802 MARKET: Long Beach SELLER'S REP: Geoff Boler-Eastdil Secured BUYER: Harbor Group International SELLER: PRICE: $180,000,000.00 SF: 0

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

$9,600,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$639,501.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$853,291.83
Annual Debt Service$10,239,501.98