Douglas McCauley & David Covarrubias Acquire Multifamily Property In Glendora For $14.2M
SOLD
$14,200,000
California
See Similar DealsMultiFamily43,292 SF
Sold 08/01/2022
SOLD
Douglas McCauley & David Covarrubias Acquire Multifamily Property In Glendora For $14.2M
618 West Route 66, Glendora, California 91740, United States
See Similar DealsMultiFamily43,292 SF
Sold 08/01/2022
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$328
Total Square Footage:43,292 SF
Transaction Type:Sale
The multifamily property located at 618-620 W. Route 66 in Glendora has been sold for a price of $14,200,000. The property spans across 43,292 square feet, resulting in a price per square foot of $328.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $14,200,000
- Address: 618-620 W. Route 66, Glendora
- Market: Glendora
- Seller's Representative: Douglas McCauley & David Covarrubias - Marcus & Millichap
The sale was facilitated by the seller's representatives, Douglas McCauley & David Covarrubias, from the agency Marcus & Millichap.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$757,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$50,449.62
Cash-on-Cash Return-1.27%
Monthly Debt Service$67,315.24
Annual Debt Service$807,782.93
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