Updated Jan 31, 2025
Gelt Inc. Acquires Multifamily Property At 856 Heatherwood Ln In Vista For $53.5M
856 Heatherwood Ln
$53,500,000
Building Size
—
Asset Type
MultiFamily
Closing
Jul 1, 2024
About this deal
AI
The property asset sold is a MultiFamily building located at 856 Heatherwood Ln in the Vista market, with a transaction amount of $53,500,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $53,500,000.00
- Sale Date: 07/01/2024
- Buyer: Gelt Inc.
- Broker: Derrek Ostrzyzek - CBRE
The transaction involved Gelt Inc. as the buyer, represented by broker Derrek Ostrzyzek from CBRE, who facilitated the deal for the MultiFamily property situated in Vista.
The multifamily sale at 856 Heatherwood Ln in Vista, California sold for $53.5M in 2024. 856 Heatherwood Ln is classified as Multifamily on Traded. Derrek Ostrzyzek, CBRE appear on the sale alongside CBRE. This page is the Vista, California file for the 856 Heatherwood Ln multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Vista sit in the Market section below. Filter that Vista multifamily set by closing date to see what else sold near 856 Heatherwood Ln around 2024. Published consideration for 856 Heatherwood Ln is $53.5M, dated 2024. Cite this Gelt Inc. Acquires Multifamily Property At 856 Heatherwood Ln In Vista For $53.5M sale when underwriting similar multifamily product around Vista, California.
On the Map
$53,500,000
MultiFamily
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Players
Vista 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
0.30%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93