Eric Chen & Blake Torgerson Sell Multifamily Property In Brawley For $4.5M
650 North Imperial Avenue, Brawley, CA, USA
$4,459,000
$86/SF
Building Size
51,600 SF
Asset Type
MultiFamily
Closing
Feb 9, 2021
AI
A multifamily property located at 650 N. Imperial Avenue in Brawley has been sold for $4,459,000. The property consists of 41 units, with an average price per unit of $108,756. The total square footage of the property is 51,600, resulting in a price per square foot of $86. The capitalization rate for this transaction is 6.08%.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,459,000
- Units: 41
- Price Per Unit: $108,756
- Square Footage: 51,600
- Price Per Square Foot: $86
- Capitalization Rate: 6.08%
The sale of this multifamily property was facilitated by Eric Chen from Eric_C_Chen and Blake Torgerson from BlakeTorg32.
Players
Brawley MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.56%
Cash-on-Cash
-1.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93