Joel Tucker & Martin Agnew Acquire Multifamily Property In Joshua Tree
66563 Appian Way, Joshua Tree, California 92252, United States
$1,500,000
$696/SF
Building Size
2,153 SF
Asset Type
MultiFamily
Closing
Feb 17, 2022
AI
A multifamily property located at 66563 Appian Way in Joshua Tree has been sold for $1,500,000. The property has a total square footage of 2,153, resulting in a price per square foot of $696. The transaction took place on 02/18/2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,500,000
- Address: 66563 Appian Way, Joshua Tree
- Market: Joshua Tree
The buyer of the property is Joel Tucker and Martin Agnew, while the seller is Vida Rossi. The brokers involved in the deal are Martin Agnew and Ryan Serling from Marcus & Millichap.
Players
Joshua Tree 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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93