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4657-85 Muir Ave, San Diego...

Adam Robinson Acquires MultiFamily In San Diego For $23.6M
SOLDMultiFamily

Adam Robinson Acquires MultiFamily In San Diego For $23.6M

4657-85 Muir Ave, San Diego, CA 92107

$23,600,000

$727/SF

Building Size

32,440 SF

Asset Type

MultiFamily

Closing

Aug 11, 2023

AI

A multi-family property located at 4657-85 Muir Avenue & 4682-92 West Point Loma Boulevard in San Diego has been sold for a total price of $23,600,000. This property consists of 44 units with an average price per unit of $536,364. The total square footage of the property is 32,440, resulting in a price per square foot of $727.

Summary of transaction details

  • Property Type: MultiFamily
  • Transaction Amount: $23,600,000
  • Units: 44
  • Average Price Per Unit: $536,364
  • Square Footage: 32,440
  • Price Per Square Foot: $727
  • Address: 4657-85 Muir Avenue & 4682-92 West Point Loma Boulevard, San Diego
  • Market: San Diego

The buyer in this transaction is Adam Robinson, while the seller is Michael Mills. The broker representing the buyer and seller is Joseph Burrough from Palma Commercial.

Players

Joseph Burrough

Broker

$39M

vol

3 deals

Broker
Adam Robinson

Adam Robinson

Buyer

$131.9M

vol

6 deals

Buyer

Michael Mills

Seller

$27.7M

vol

2 deals

Seller

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

0.67%

Cash-on-Cash

-0.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93