Updated Oct 28, 2024
Ridge Capital Investors Acquires Multifamily Property In San Leandro & Hayward For $189.5M
888 Davis Street, San Leandro, California 94577, United States
$189,500,000
Units
444
Asset Type
MultiFamily
Closing
Feb 3, 2022
About this deal
AI
Located at 888 Davis Street & 50 Austin Avenue in San Leandro & Hayward, this sale transaction involves a multifamily property. The property consists of 444 units and was sold for a price of $189,500,000, resulting in a per-unit price of $426,801.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $189,500,000
- Address: 888 Davis Street & 50 Austin Avenue, San Leandro & Hayward
- Market: San Leandro & Hayward
- Buyer: Ridge Capital Investors LLC - Trevor Wilson, Contrarian Capital Management & Andell Holdings
- Units: 444
- Price per Unit: $426,801
The buyer in this transaction is Ridge Capital Investors LLC, represented by Trevor Wilson, Contrarian Capital Management, and Andell Holdings.
On the Map
$189,500,000
MultiFamily
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Players
San Leandro 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
0.08%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93