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606 Washington Street, San ...

Spectrum Partners Acquires Multifamily Property In San Diego From SENTRE For $37.4M
SOLDMultiFamily

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

Tyler Sinks

NorthMarq

Broker

$315.4M

vol

8 deals

Broker
S
SENTRESeller

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