Daily limit: 0/10
Foster Hamilton Acquires 132-Unit Oxford Terrace Apartments From Bob McElroy For $19.2M
SOLD
$19,200,000
California
See Similar DealsMultiFamily
Sold 05/01/2025
SOLD
Foster Hamilton Acquires 132-Unit Oxford Terrace Apartments From Bob McElroy For $19.2M
555 Oxford Street
See Similar DealsMultiFamily
Sold 05/01/2025
Summary
CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale
The property asset involved in the transaction is a multifamily complex located at 555 Oxford Street, Chula Vista. The transaction was finalized at a sale price of $19,200,000, with a total of 132 units in the building, resulting in a price per unit of $145,455.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $19,200,000
- Units: 132
- Price per Unit: $145,455
- Buyer: Foster Hamilton
- Seller: Bob McElroy - Alpha Project
- Broker: Marcus & Millichap
The deal was facilitated by broker Marcus & Millichap, reflecting a notable acquisition by Foster Hamilton's affiliate. This transaction involved the purchase of the Oxford Terrace apartments, which are categorized as an affordable housing complex.
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,024,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$68,213.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$91,017.80
Annual Debt Service$1,092,213.54
Is there something missing? Send suggestions
