The Dinerstein Companies Acquires Multifamily Property In Santa Cruz, CA For $52M
555 Pacific Avenue, Santa Cruz, California 95060, United States
$52,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Sep 27, 2022
AI
A multifamily property located at 555 Pacific Avenue in Santa Cruz, CA has been sold for a price of $52,000,000. The property consists of 100 units, with a per unit price of $520,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $52,000,000
- Address: 555 Pacific Avenue, Santa Cruz, CA
- Market: Santa Cruz
The buyer of the property is The Dinerstein Companies, represented by Brian Dinerstein. The seller in this transaction is Swenson Builders.
Santa Cruz 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
0.31%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93