Spectrum Partners Acquires Multifamily Property In San Diego From SENTRE For $37.4M
606 Washington Street, San Diego, California 92103, United States
$37,400,000
Building Size
—
Asset Type
MultiFamily
Closing
Dec 20, 2022
AI
The multifamily property located at 606 Washington St in San Diego has been sold in a recent transaction. The sale was completed on 12/20/2022 for a total sale price of $37,400,000. The property consists of 80 units, with a price per unit (PPU) of $467,500.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $37,400,000
- Units: 80
- Price Per Unit (PPU): $467,500
- Market: San Diego
The buyer of the property is Spectrum Partners, while the seller is SENTRE. The deal was facilitated by the brokers Rachel Parsons, Ed Rosen, John Chu, and Tyler Sinks from Berkadia Institutional Solutions.
Please note that no additional information is available regarding the property or the individuals involved in the transaction.
Players
San Diego 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
0.42%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93