Fox Hills Investment Co LLC Sells Multifamily Property In Culver City For $33M
SOLD
$33,000,000
California
See Similar DealsMultiFamily35,855 SF
Sold 11/07/2019
SOLD
Fox Hills Investment Co LLC Sells Multifamily Property In Culver City For $33M
6000 Buckingham Parkway, Culver City, CA, USA
See Similar DealsMultiFamily35,855 SF
Sold 11/07/2019
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$920
Total Square Footage:35,855 SF
Transaction Type:Sale
A multifamily property located at 6000, 6024, 6060 Buckingham Parkway in Culver City has been sold for a price of $33,000,000. The property consists of 104 units and was sold off-market. The transaction took place on November 7, 2019. The seller of the property was Fox Hills Investment Co LLC, while the broker involved in the deal was David Pressberg from Pressberg Realty.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $33,000,000
- Units: 104
- Price Per Unit: $317,307
- Market: Culver City
David Pressberg of Pressberg Realty represented the seller, Fox Hills Investment Co LLC, in the transaction. The deal was concluded on an off-market basis, indicating that it was not publicly listed for sale.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,759,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$117,242.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$156,436.84
Annual Debt Service$1,877,242.03
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