Shar Ghidari Purchases Multifamily Property From Jane L Totten For $5.175M In Ventura
57 North Ann Street
$5,175,000
$470/SF
Building Size
11,000 SF
Asset Type
MultiFamily
Closing
Nov 22, 2024
AI
The property asset involved in this transaction is a multifamily building located at 57 North Ann Street in the Ventura market. It consists of 20 units and has a total square footage of 11,000. The sale price was set at $5,175,000, resulting in a price per unit of $258,750 and a price per square foot of $470.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,175,000
- Address: 57 North Ann Street
- Market: Ventura
- Units: 20
- Square Footage: 11,000
- Price Per Unit: $258,750
- Price Per Square Foot: $470
- Buyer: Shar Ghidari
- Seller: Jane L Totten
- Broker: Nick Henry - Beachside Partners
This transaction involved Shar Ghidari as the buyer who acquired the property from seller Jane L Totten. Nick Henry, representing Beachside Partners, acted as the broker for this transaction, facilitating the communication and negotiation between the involved parties.
Players
Ventura 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
3.07%
Cash-on-Cash
-0.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93