Waterton Acquires Multifamily Property In La Mesa For $141M
5353 Baltimore Drive, La Mesa, California 91942, United States
$141,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Jan 9, 2023
AI
5353 Baltimore Drive in La Mesa has been sold in a recent transaction. The property is a multifamily asset consisting of 406 units. The sale price for this transaction was $141,000,000, resulting in a per unit price of approximately $347,291. The transaction took place on January 10, 2023.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $141,000,000
- Address: 5353 Baltimore Drive
- Market: La Mesa
The buyer in this transaction is Waterton, represented by David Schwartz. The seller is Pacific Urban Investors, represented by Alfred Pace.
Players
La Mesa MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.11%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93