Marcus & Millichap Facilitates $19M Sale Of Stanton Multifamily Building On Bever Place
SOLD
$19,000,000
California
See Similar DealsMultiFamily
Sold 10/20/2022
SOLD
Marcus & Millichap Facilitates $19M Sale Of Stanton Multifamily Building On Bever Place
8080 Bever Place, Stanton, California 90680, United States
See Similar DealsMultiFamily
Sold 10/20/2022
Summary
CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale
Located in Stanton, CA, the multifamily property at 8080 Bever Place recently changed hands in a closed transaction. The deal was facilitated by Tyler Leeson and Matt Kipp from Marcus & Millichap. The property consists of 58 units, offering a per unit price of $327,586.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $19,000,000
- Date: 10/20/2022
- Address: 8080 Bever Place
- Market: Stanton, CA
It's worth noting the involvement of Tyler Leeson and Matt Kipp from Marcus & Millichap as the brokers representing the buyer and seller in this transaction. Their expertise and negotiation skills played a crucial role in finalizing the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,013,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$67,502.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$90,069.69
Annual Debt Service$1,080,836.32
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