Carlsbad Shores LLC Acquires La Mesa Multifamily For $8.15M
8171 Vincetta Drive, La Mesa, CA, USA
$8,150,000
$296/SF
Building Size
27,510 SF
Asset Type
MultiFamily
Closing
Jun 6, 2021
AI
The multifamily property located at 8171 Vincetta Drive in La Mesa has been sold for a total of $8,150,000. The transaction was completed on 06/07/2021. The property consists of 26 units, with a price per unit of $313,461.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $8,150,000
- Units: 26
- Price Per Unit: $313,461
- Market: La Mesa
The buyer of the property is Carlsbad Shores LLC, while the seller is Thomas L. Ragland Trust. Austin Ray Huffman & Christopher J. Zorbas from Marcus & Millichap represented both parties as brokers in the deal.
Players
La Mesa MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.95%
Cash-on-Cash
-0.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93