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850 Warwick Avenue

Greg Fowler Of FPA Multifamily Acquires 52 Unit Multifamily Property From Marshall Boyd & Julia Boyd Corso For $18.2M
SOLDMultiFamily

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:

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

Anthony Muhlstein

Newmark

Broker

$1.1B

vol

25 deals

Broker
CBRE
CBREBrokerage
Greg Fowler

Greg Fowler

FPA Multifamily

Buyer

$1.3B

vol

17 deals

Buyer

Julia Boyd Corso

Interstate Equities Corp.

Seller

$80M

vol

4 deals

Seller

Thousand Oaks 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

0.87%

Cash-on-Cash

-0.25%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93