Peter Hauser, Matt Hauser & Jordan Hauser Of NorthMarq Complete Sale Of Multifamily Property In San Diego For $6.25M
SOLD
$6,250,000
California
See Similar DealsMultiFamily6,660 SF
Sold
SOLD
Peter Hauser, Matt Hauser & Jordan Hauser Of NorthMarq Complete Sale Of Multifamily Property In San Diego For $6.25M
824 Coronado Court
See Similar DealsMultiFamily6,660 SF
Sold
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$938
Total Square Footage:6660 SF
Transaction Type:Sale
The property involved in this transaction is a multifamily asset located at 824 Coronado Court in San Diego, California. It features 7 units, encompassing a total square footage of 6,660. The sale concluded at a price of $6,250,000, which translates to a price per unit of $892,857 and a price per square foot of $938.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,250,000
- Units: 7
- Square Footage: 6,660
- Price Per Unit: $892,857
- Price Per Square Foot: $938
The transaction was facilitated by the NorthMarq Hauser Team, consisting of Peter Hauser, Matt Hauser, and Jordan Hauser. They completed the sale of this highly coveted Bayfront property situated in South Mission Bay.
Players
BROKERAGE
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$333,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$22,204.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,628.19
Annual Debt Service$355,538.26
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