Virtu Investments Acquires Multifamily Asset In San Marcos For $52.2 Million
SOLD
$52,200,000
California
See Similar DealsMultiFamily
Sold 10/01/2018
SOLD
Virtu Investments Acquires Multifamily Asset In San Marcos For $52.2 Million
570 E Barham Dr
See Similar DealsMultiFamily
Sold 10/01/2018
Summary
CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale
The property asset sold is located at 570 E Barham Dr in the San Marcos market. It is classified as a Multifamily asset. The transaction was completed for a total price of $52,200,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $52,200,000.00
- Address: 570 E Barham Dr
- Market: San Marcos
- Buyer: Virtu Investments
- Brokers: Derrek Ostrzyzek (CBRE)
Derrek Ostrzyzek served as the broker representing the transaction. The buyer, Virtu Investments, engaged in this acquisition as part of their investment strategy within the Multifamily sector.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,784,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$185,455.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$247,454.63
Annual Debt Service$2,969,455.57
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