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66563 Appian Way, Joshua Tr...

Joel Tucker & Martin Agnew Acquire Multifamily Property In Joshua Tree
SOLDMultiFamily

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

Martin Agnew

Marcus & Millichap

Broker

$450M

vol

123 deals

Broker

Joel Tucker

2807 West Sunset LLC

Buyer

$23.1M

vol

9 deals

Buyer

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