Cushman & Wakefield Brokers Sell Moorpark Multifamily For $127M
SOLD
California
See Similar DealsMultiFamily270,480 SF
Sold 10/18/2022
SOLD
Cushman & Wakefield Brokers Sell Moorpark Multifamily For $127M
4767 S Moorpark Avenue, Moorpark, CA
See Similar DealsMultiFamily270,480 SF
Sold 10/18/2022
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$469
Total Square Footage:270,480 SF
Transaction Type:Sale
The multifamily property located at 4767 S Moorpark Avenue in Moorpark, CA has been sold in a closed transaction. The property consists of 312 units with a price per unit of $407,051. The total square footage of the property is 270,480, with a price per square foot of $470. The sale price for the property was $127,000,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $127,000,000
- Address: 4767 S Moorpark Avenue
- Market: Moorpark, CA
- Units: 312
- Price per Unit: $407,051
- Square Footage: 270,480
- Price per Square Foot: $470
The sale of this multifamily property was facilitated by Marc Renard, Morgan Jackson, and Manfred Schaub of Cushman & Wakefield.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$6,773,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$451,204.18
Cash-on-Cash Return-1.27%
Monthly Debt Service$602,044.79
Annual Debt Service$7,224,537.51
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