Oakmont Properties Acquires Multifamily Asset In El Dorado Hills For $85.6M
SOLD
$85,600,000
California
See Similar DealsMultiFamily178,595 SF
Sold 01/03/2022
SOLD
Oakmont Properties Acquires Multifamily Asset In El Dorado Hills For $85.6M
4373 Town Center Boulevard, El Dorado Hills, California 95762, United States
See Similar DealsMultiFamily178,595 SF
Sold 01/03/2022
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$479
Total Square Footage:178,595 SF
Transaction Type:Sale
The sale of a multifamily property has been completed at 4373 Town Center Blvd. in El Dorado Hills. The transaction took place on January 3, 2022, and the asset consists of 214 units.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $85,600,000
- Units: 214
- Price Per Unit (PPU): $400,000
- Market: El Dorado Hills
Oakmont Properties purchased the property from AG Spanos. The deal was facilitated by Marc Ross from CBRE.
Note: No additional information is available regarding the property or the individuals involved in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$4,565,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$304,118.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$405,787.67
Annual Debt Service$4,869,452.05
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