R&V Management Acquires MultiFamily Asset In San Diego For $140 Million With Broker Derrek Ostrzyzek
SOLD
$140,000,000
California
See Similar DealsMultiFamily
Sold 02/01/2019
SOLD
R&V Management Acquires MultiFamily Asset In San Diego For $140 Million With Broker Derrek Ostrzyzek
5080 Camino Del Arroyo
See Similar DealsMultiFamily
Sold 02/01/2019
Summary
CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale
The asset involved in the transaction is a multi-family property located at 5080 Camino Del Arroyo in San Diego. The sale occurred on February 1, 2019, with a transaction price of $140,000,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $140,000,000.00
- Sale Date: 02/01/2019
- Address: 5080 Camino Del Arroyo
- Market: San Diego
- Buyer: R&V Management
- Broker: Derrek Ostrzyzek - CBRE
The transaction was facilitated by Derrek Ostrzyzek representing CBRE. The buyer of the property is R&V Management, indicating their involvement in the acquisition of this multi-family asset in the San Diego market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$7,466,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$497,390.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$663,671.42
Annual Debt Service$7,964,057.10
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