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Gelt Inc. Acquires Multifamily Property At 856 Heatherwood Ln In Vista For $53.5M

Property Image
SOLD
$53,500,000

California

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MultiFamily
Sold 07/01/2024
the dealplayerscompscontact
Property Image
SOLD

Gelt Inc. Acquires Multifamily Property At 856 Heatherwood Ln In Vista For $53.5M

856 Heatherwood Ln

See Similar Deals
MultiFamily
Sold 07/01/2024
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale

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:

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.

Players

Derrek Ostrzyzek
CBRE
Derrek Ostrzyzek
116 deals$11.5B volume
BROKER
GI
Gelt Inc.
BUYER

Details

SOLD
IMAGE: 07/01/2024 ADDRESS: 856 Heatherwood Ln MARKET: Vista ASSET TYPE: MultiFamily BROKERS: Derrek Ostrzyzek(CBRE) BUYER: Gelt Inc. PRICE: $53,500,000.00

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Deal Type
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Operating Expenses (Annual)
Net Operating Income (NOI)

$2,853,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$190,074.21
Cash-on-Cash Return-1.27%
Monthly Debt Service$253,617.29
Annual Debt Service$3,043,407.53