Cushman & Wakefield Brokers Sell Multifamily Property In Moorpark, CA For $127M
4767 Moorpark Ave, Moorpark, California 93021, United States
$127,000,000
$470,370/SF
Building Size
270 SF
Asset Type
MultiFamily
Closing
Oct 18, 2022
AI
A multifamily property located at 4767 S Moorpark Avenue in Moorpark, CA has been sold for $127,000,000. The property consists of 312 units with an average price per unit of $407,051. The total square footage of the property is 270,480, with a price per square foot of $470.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $127,000,000
- Units: 312
- Price per Unit: $407,051
- Square Footage: 270,480
- Price per Square Foot: $470
- Market: Moorpark, CA
The sale was facilitated by Marc Renard, Morgan Jackson, and Manfred Schaub from Cushman & Wakefield. They represented the buyer and seller in this transaction.
Players
Moorpark 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
0.12%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93