Greg Fowler Of FPA Multifamily Acquires 52 Unit Multifamily Property From Marshall Boyd & Julia Boyd Corso For $18.2M
850 Warwick Avenue
$18,200,000
Building Size
—
Asset Type
MultiFamily
Closing
Mar 28, 2025
AI
The property involved in this transaction is a multi-family asset located at 850 Warwick Avenue in Thousand Oaks. This asset comprises 52 units and was sold for $18,200,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $18,200,000.00
- Address: 850 Warwick Avenue
- Market: Thousand Oaks
- Units: 52
- Buyer: Greg Fowler - FPA Multifamily
- Seller: Marshall Boyd & Julia Boyd Corso - Interstate Equities Corporation
- Brokers: Chris Benton - Newmark, Dean Zander - Newmark, Anthony Muhlstein - Newmark, Gabe Munson - Newmark
This transaction involved key individuals such as Greg Fowler, representing FPA Multifamily as the buyer, and Marshall Boyd & Julia Boyd Corso, who represented Interstate Equities Corporation as the seller. The brokers from Newmark played a crucial role in facilitating this deal, showcasing their expertise in multi-family transactions.
Players
Thousand Oaks 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
0.87%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93