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4424 Mississippi Street

SOLDMultiFamily

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

OH
ORKA HoldingsBuyer

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