Highlands REIT Acquires 27-Unit Multifamily Property In San Diego For $7.3M
470 20th St, San Diego, CA 92102, USA
$7,300,000
$686/SF
Building Size
10,630 SF
Asset Type
MultiFamily
Closing
May 3, 2020
AI
Highlands REIT has acquired a multifamily property located at 470 20th St in San Diego. The property consists of 27 units and was sold by SENTRE for a total price of $7,300,000. This translates to a price per unit of $270,370.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $7,300,000
- Units: 27
- Price Per Unit: $270,370
- Buyer: Highlands REIT
- Seller: SENTRE
- Brokers: Ed Rosen, John Chu & Tyler Sinks – Berkadia
Ed Rosen, John Chu, and Tyler Sinks from Berkadia represented the buyer and seller in this transaction.
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
2.17%
Cash-on-Cash
-0.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93