Sares-Regis Group Acquires MultiFamily Property In Rancho Cucamonga For $93.85M
7922 Day Creek Blvd
$93,850,000
Building Size
—
Asset Type
MultiFamily
Closing
Jun 1, 2017
AI
The property asset involved in this transaction is a MultiFamily building located at 7922 Day Creek Blvd in Rancho Cucamonga. The transaction was completed for a price of $93,850,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $93,850,000.00
- Sale Date: 06/01/2017
- Address: 7922 Day Creek Blvd
- Market: Rancho Cucamonga
- Broker: Derrek Ostrzyzek from CBRE
- Buyer: Sares-Regis Group
Key individuals involved in the transaction include Derrek Ostrzyzek, who represented the interests of the broker CBRE, and Sares-Regis Group, the buyer of the property. The engagement highlights the active role played by these individuals in facilitating the transaction.
Players
Rancho Cucamonga 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
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93