Updated Sep 9, 2024
The Mogharebi Group Brokered The $50M Sale Of A 237-Unit Multifamily Property In Visalia, CA
4700 West Caldwell Avenue, Visalia, California 93277, United States
$50,000,000
Units
237
Asset Type
MultiFamily
Closing
Jul 12, 2022
About this deal
AI
The multifamily property located at 4700 W. Caldwell Ave in Visalia, CA has been sold for $50,000,000. The property sits on 16.46 acres and consists of 237 units. The sale price per unit comes out to $210,970. The transaction was facilitated by broker Otto Ozen of The Mogharebi Group.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $50,000,000
- Address: 4700 W. Caldwell Ave
- Market: Visalia, CA
- Asset Type: Multifamily
- Acres: 16.46
This sale transaction was managed by Otto Ozen from The Mogharebi Group.
Players
Visalia 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
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93