ORKA Holdings Acquires San Diego Multifamily Property For $6.65M With Dave Tarquin As Buyer's Rep
SOLD
$6,650,000
California
See Similar DealsMultiFamily12,220 SF
Sold 01/20/2023
SOLD
ORKA Holdings Acquires San Diego Multifamily Property For $6.65M With Dave Tarquin As Buyer's Rep
4424 Mississippi Street
See Similar DealsMultiFamily12,220 SF
Sold 01/20/2023
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$544
Total Square Footage:12,220 SF
Transaction Type:Sale
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
BUYER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$354,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$23,626.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$31,524.39
Annual Debt Service$378,292.71
Is there something missing? Send suggestions
