SOLDMultiFamily
Pacific Companies Acquires Live Oak Multifamily Property On Gateway Blvd
7601 Gateway Blvd
Building Size
767 SF
Asset Type
MultiFamily
Closing
Jul 15, 2020
AI
The multifamily property located at 7601 Gateway Blvd in Live Oak has been sold. The property was built in 2008 and consists of one-, two-, and three-bedroom units. The units range in size from 628 to 1,364 square feet.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Buyer: Pacific Companies – Caleb Roope
Pacific Companies, represented by Caleb Roope, was the buyer in this transaction.
Newark 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93