David Tarquin & Aaron Case Of ORKA Holdings Acquire Multifamily Asset In San Diego For $6.95M
4641 North Avenue & 4659 North Avenue
$6,950,000
$253/SF
Building Size
27,438 SF
Asset Type
MultiFamily
Closing
Oct 30, 2024
AI
The property involved in this transaction consists of two multifamily units located at 4641 & 4659 North Avenue in the San Diego market. The total sale price of the asset was $6,950,000, with a combined total of 22 units spread over a square footage of 13,719, resulting in a price per unit of $315,909 and a price per square foot of $506.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,950,000
- Units: 22
- Square Footage: 13,719
- Price Per Unit: $315,909
- Price Per Square Foot: $506
- Buyer: David Tarquin & Aaron Case - ORKA Holdings
- Seller: David and Sam Sedillo
- Buyer's Representative: Carson Trujillo & Connor Stolle - Marcus & Millichap
- Seller's Representative: Deborah Reed - Coldwell Banker
The transaction features David Tarquin and Aaron Case representing ORKA Holdings as the buyers, while Deborah Reed from Coldwell Banker represented the sellers, David and Sam Sedillo. The transaction was handled by representatives Carson Trujillo and Connor Stolle from Marcus & Millichap on behalf of the buyers.
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
2.28%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93