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4440 Twain Ave

R&V Management Acquires MultiFamily Asset In San Diego For $149 Million With Broker Derrek Ostrzyzek
SOLDMultiFamily

R&V Management Acquires MultiFamily Asset In San Diego For $149 Million With Broker Derrek Ostrzyzek

4440 Twain Ave

$149,000,000

Building Size

Asset Type

MultiFamily

Closing

Apr 1, 2019

AI

The property involved in the transaction is a multi-family asset located at 4440 Twain Ave, San Diego. The sale was completed for a total price of $149,000,000.00.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $149,000,000.00
  • Address: 4440 Twain Ave
  • Market: San Diego
  • Buyer: R&V Management
  • Broker: Derrek Ostrzyzek (CBRE)
  • Sale Date: 04/01/2019

R&V Management, acting as the buyer, has successfully acquired the property with the assistance of broker Derrek Ostrzyzek from CBRE. The transaction reflects R&V Management's strategy in expanding their real estate portfolio within the San Diego market.

Players

Derrek Ostrzyzek

CBRE

Broker

$11.6B

vol

117 deals

Broker
RM
R&V ManagementBuyer

San Diego MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.11%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93