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
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