Pacific Urban Acquires 96-Unit Multifamily In East Bay For $38.5M
868 North Livermore Avenue, Livermore, California 94551, United States
$38,500,000
$451/SF
Building Size
85,330 SF
Asset Type
MultiFamily
Closing
Jun 9, 2022
AI
Located at 868 N. Livermore Ave. in East Bay, this multifamily property was recently sold in a closed transaction. The property spans a total of 85,330 square feet and consists of 96 units. The sale price for the property was $38,500,000, resulting in a per unit price of approximately $401,041. The price per square foot was calculated to be around $451.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $38,500,000
- Address: 868 N. Livermore Ave., East Bay
- Market: East Bay
The buyer in this transaction was Pacific Urban, while Hoffman Development served as the seller. Representing the deal was David Cohen from The Cohen Company & Sync Brokerage Commercial.
Players
Livermore 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
0.41%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93