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8361 15th Street, Westminst...

Cushman & Wakefield Facilitates $5.96M Sale Of Multifamily Property In Westminster, CA
SOLDMultiFamily

Cushman & Wakefield Facilitates $5.96M Sale Of Multifamily Property In Westminster, CA

8361 15th Street, Westminster, California 92683, United States

$5,960,000

Building Size

Asset Type

MultiFamily

Closing

Sep 27, 2022

AI

Located at 8361 15th Street in Westminster, CA, this multifamily property has recently been sold. The sale was facilitated by Mark Bridge of Cushman & Wakefield, who represented the buyer and seller in the transaction.

Summary of transaction details:

  • Property Type: Multifamily
  • Sale Price: $5,960,000
  • Units: 20
  • Price Per Unit (PPU): $298,000
  • Date: 09/28/2022
  • Market: Westminster, CA

This sale is a significant achievement for both the buyer and the seller. The property offers 20 units, each with a PPU of $298,000. With a total sale price of $5,960,000, this transaction represents a substantial investment in the multifamily market in Westminster, CA.

Players

Mark Bridge

Cushman & Wakefield

Broker

$43.2M

vol

5 deals

Broker

Westminster 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

2.66%

Cash-on-Cash

-0.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93