ALS Spring Mountain LLC Sells Multifamily Property In Clairemont For $21.7M With Brokers Tyler Sinks, John Chu & Edward Rosen - Berkadia
5385 Clairemont Mesa Boulevard, San Diego, California 92117, United States
$21,700,000
$10,534/SF
Building Size
2,060 SF
Asset Type
MultiFamily
Closing
May 18, 2022
AI
Located at 5385 Clairemont Mesa Blvd. in Clairemont, this property is a multifamily asset that was recently sold.
Summary of Transaction Details
- Property Type: Multifamily
- Sale Price: $21,700,000
- Number of Units: 66
- Price Per Unit: $325,757
- Market: Clairemont
The sale was facilitated by ALS Spring Mountain LLC as the seller. The brokerage team comprised of Tyler Sinks, John Chu, and Edward Rosen from Berkadia.
This transaction represents a significant investment in the Clairemont area, demonstrating the demand for multifamily properties in this market.
Players
San Diego 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
0.73%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93