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73881 Fred Waring Drive, Pa...

Updated Dec 18, 2023

Multifamily Property Acquired In Palm Desert For $3.4M
SOLDMultiFamily

Multifamily Property Acquired In Palm Desert For $3.4M

73881 Fred Waring Drive, Palm Desert, CA, USA

$3,400,000

$236/SF

Building Size

14,400 SF

Asset Type

MultiFamily

Closing

Apr 13, 2021

About this deal

AI

A multifamily property located at 73881 Fred Waring Drive in Palm Desert has been sold for $3,400,000. The property spans a total of 14,400 square feet, resulting in a price per square foot of $236.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $3,400,000
  • Market: Palm Desert
  • Address: 73881 Fred Waring Drive

The sale of this multifamily property was facilitated by brokers Cray A. Carlson and Kevin Sin.

The multifamily sale at 73881 Fred Waring Drive, Palm Desert, CA, USA in Palm Desert, California sold for $3.4M in 2021. The building is 14,400 square feet, implying about 236 per square foot on the published price. Kevin Sin, Cray Carlson, CBRE appear on the sale alongside CBRE. This page is the Palm Desert, California file for the 73881 Fred Waring Drive, Palm Desert, CA, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Palm Desert sit in the Market section below. Filter that Palm Desert multifamily set by closing date to see what else sold near 73881 Fred Waring Drive, Palm Desert, CA, USA around 2021. Published consideration for 73881 Fred Waring Drive, Palm Desert, CA, USA is $3.4M, dated 2021. Cite this Multifamily Property Acquired In Palm Desert For $3.4M sale when underwriting similar multifamily product around Palm Desert, California.

Players

Cray Carlson

CBRE

Broker

$147.1M

vol

16 deals

Broker

Palm Desert MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $236 per square foot on a published $3.4M for 14,400 square feet (2021).

Visit Kevin Sin to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.67%

Cash-on-Cash

-1.33%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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