ORKA Holdings Acquires San Diego Multifamily Property For $6.65M With Dave Tarquin As Buyer's Rep
4424 Mississippi Street
$6,650,000
$544/SF
Building Size
12,220 SF
Asset Type
MultiFamily
Closing
Jan 20, 2023
AI
The multifamily property located at 4424 Mississippi Street in San Diego has been sold in a closed transaction. The property consists of 18 units with a total square footage of 12,220. The sale price for this transaction was $6,650,000, resulting in a per unit price of $369,444. The price per square foot was $544.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $6,650,000
- Address: 4424 Mississippi Street, San Diego
- Market: San Diego
Dave Tarquin, representing ORKA Holdings, purchased the property from The Rainer Family. The transaction was facilitated by Phillip Buckley of CBRE.
Players
San Diego MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.39%
Cash-on-Cash
-0.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93