Updated Mar 11, 2025
Bridge Investment Group Acquires Multifamily Asset In La Mesa For $43.25M
7400 Parkway Drive
$43,250,000
Units
133
Asset Type
MultiFamily
Closing
Apr 16, 2021
About this deal
AI
The multifamily property located at 7400 Parkway Dr in La Mesa has been sold in a recent transaction. The property consists of 133 units and was sold for a total price of $43,250,000, with a per unit price of $325,188. The sale took place on April 16, 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $43,250,000
- Address: 7400 Parkway Dr
- Market: La Mesa
The buyer in this transaction was Bridge Investment Group, while the seller was Equities Corp. The deal was facilitated by brokers from NorthMarq. Robert Morse, Adam O’Farrell, Dean Allara, and Jonathan Slager were involved in the sale.
Players
La Mesa 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
0.37%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93