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Cityview Acquires Multifamily Property In Woodland Hills For $113.7M

Property Image
SOLD
$113,700,000

California

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MultiFamily228,210 SF
Sold 05/23/2022
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Property Image
SOLD

Cityview Acquires Multifamily Property In Woodland Hills For $113.7M

6355 De Soto Avenue, Woodland Hills, California 91367, United States

See Similar Deals
MultiFamily228,210 SF
Sold 05/23/2022
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$498
Total Square Footage:228,210 SF
Transaction Type:Sale

The multifamily property located at 6355 De Soto Ave. in Woodland Hills has recently been sold. The transaction took place on 05/23/2022, with the buyer being Cityview and the seller being Nuveen. The deal was facilitated by brokers Peter Yorck and Nick Lavin from JLL. The sale price for this property was $113,700,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $113,700,000
  • Address: 6355 De Soto Ave., Woodland Hills
  • Market: Woodland Hills
  • Buyer: Cityview
  • Seller: Nuveen
  • Brokers: Peter Yorck & Nick Lavin - JLL
  • Units: 244
  • Price Per Unit (PPU): $465,983
  • Total Square Footage: 228,210
  • Price Per Square Foot (PPSF): $498

This successful transaction showcases the demand for multifamily properties in Woodland Hills. The involvement of Cityview as the buyer and Nuveen as the seller demonstrates their confidence in the market potential of this property. The deal was executed through the expertise of brokers Peter Yorck and Nick Lavin from JLL. Their knowledge and negotiating skills played a crucial role in bringing this sale to fruition.

Players

Nick Lavin
10 deals$1.4B volume
BROKER

Peter Yorck
JLL
10 deals$975.4M volume
BROKER

BUYER

Nuveen
SELLER

Nuveen
LENDER

Details

SOLD
IMAGE: Nick Lavin & Peter Yorck DATE: 05/23/2022 ADDRESS: 6355 De Soto Ave. MARKET: Woodland Hills ASSET TYPE: Multifamily BUYER: Cityview SELLER: Nuveen BROKERS: Peter Yorck (@TheYorcks) & Nick Lavin - JLL (@JLL) SALE PRICE: $113,700,000 UNITS: 244 ~ PPU: $465,983 SF: 228,210 ~ PPSF: $498

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Debt Service Coverage Ratio (DSCR)

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