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Chesebro Associates 888, LLC Acquires Multifamily Property In Agoura Hills For $11.5M

Property Image
SOLD
$11,500,000
Jeff Louks
Jordan Fischer
+ 1

California

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MultiFamily28,573 SF
Sold 08/29/2019
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Property Image
SOLD

Chesebro Associates 888, LLC Acquires Multifamily Property In Agoura Hills For $11.5M

5250 Chesebro Road, Agoura Hills, CA 91301, USA

See Similar Deals
MultiFamily28,573 SF
Sold 08/29/2019
Jeff Louks
Jordan Fischer
+ 1
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$402
Total Square Footage:28,573 SF
Transaction Type:Sale

Located in Agoura Hills, the multifamily property at 5250 Chesebro Rd was recently sold for a price of $11,500,000. Spanning across 28,573 square feet, the property was sold at a rate of $402.48 per square foot.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $11,500,000
  • Address: 5250 Chesebro Rd
  • Market: Agoura Hills

The buyer, Chesebro Associates 888, LLC, completed the transaction with the seller, Old Agoura Apartments LLC. The deal was facilitated by Jordan Fischer, Jeff Louks, Matt Ziegler, and Dan Withers, representing the parties involved.

Players

Daniel Withers
32 deals$198.2M volume(310) 365-5054
BROKER

Jeff Louks
Marcus & Millichap
33 deals$337.6M volume(310) 941-5899
BROKER

Jordan Fischer
Marcus & Millichap
5 deals$15.9M volume(818) 264-9786
BROKER

Matt Ziegler
Marcus & Millichap
26 deals$190.4M volume(310) 403-3325
BROKER

Details

SOLD
IMAGE: Jordan Fischer @jfisch112, Jeff Louks, Matt Ziegler & Dan Withers DATE: 08/29/2019 ADDRESS: 5250 Chesebro Rd MARKET: Agoura Hills ASSET TYPE: Multifamily PRICE: $11,500,000 SF: 28,573 PPSF: $402.48 BUYER: Chesebro Associates 888, LLC SELLER: Old Agoura Apartments LLC BROKERS: Jordan Fischer, Jeff Louks, Matt Ziegler, Dan Withers

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$613,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$40,857.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$54,515.87
Annual Debt Service$654,190.40