Updated Jan 31, 2025
E&S Ring Management Corporation Purchases MultiFamily Asset In Huntington Beach For $70.01M
8945 Riverbend Dr
$70,010,000
Building Size
—
Asset Type
MultiFamily
Closing
Sep 1, 2021
About this deal
AI
The property involved in this transaction is a MultiFamily asset located at 8945 Riverbend Dr, Huntington Beach. The transaction was completed for a price of $70,010,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $70,010,000.00
- Address: 8945 Riverbend Dr
- Market: Huntington Beach
- Buyer: E&S Ring Management Corporation
- Brokers: Derrek Ostrzyzek (CBRE)
Derrek Ostrzyzek from CBRE represented the buyer, E&S Ring Management Corporation, in this deal. The transaction took place on 09/01/2021.
The multifamily sale at 8945 Riverbend Dr in Huntington Beach, California sold for $70M in 2021. 8945 Riverbend Dr is classified as Multifamily on Traded. Derrek Ostrzyzek, CBRE appear on the sale alongside CBRE. This page is the Huntington Beach, California file for the 8945 Riverbend Dr multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Huntington Beach sit in the Market section below. Filter that Huntington Beach multifamily set by closing date to see what else sold near 8945 Riverbend Dr around 2021. Published consideration for 8945 Riverbend Dr is $70M, dated 2021. Cite this E&S Ring Management Corporation Purchases MultiFamily Asset In Huntington Beach For $70.01M sale when underwriting similar multifamily product around Huntington Beach, California.
On the Map
$70,010,000
MultiFamily
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Huntington Beach 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
0.23%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93