Updated Oct 28, 2024
MF Asset Management Acquires Palmdale Multifamily For $18.5M
700 West Avenue I, Lancaster, CA, USA
$18,500,000
$242/SF
Building Size
76,300 SF
Asset Type
MultiFamily
Closing
Sep 1, 2021
About this deal
AI
MF Asset Management, led by Mark Friedman, has acquired a multifamily property located at 700 W Avenue I in Palmdale. The transaction was facilitated by brokers Kevin Green, Greg Harris, and Joe Grabiec. The property was sold by E&S Ring Management Corporation for a price of $18,500,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $18,500,000
- Date: 09/01/2021
- Address: 700 W Avenue I, Palmdale
- Market: Palmdale
The multifamily property offers 90 units, providing an average price per unit of $205,555. The total square footage of the property is 76,300, resulting in a price per square foot of $242. The deal was successfully closed with the involvement of MF Asset Management as the buyer and brokers Kevin Green, Greg Harris, and Joe Grabiec.
On the Map
$18,500,000
$242/SF
MultiFamily
View full map
Players
Lancaster MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Kevin Green to view all their deals.
Browse California multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.86%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93