Updated Jan 31, 2025
Sack Properties Acquires Multifamily Asset At 8945 Riverbend Dr Huntington Beach For $51.85M
8945 Riverbend Dr
$51,850,000
Building Size
—
Asset Type
MultiFamily
Closing
Oct 1, 2017
About this deal
AI
The property asset involved in this transaction is a MultiFamily unit located at 8945 Riverbend Dr in Huntington Beach. The sale price of this transaction was $51,850,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $51,850,000.00
- Sale Date: 10/01/2017
- Address: 8945 Riverbend Dr
- Market: Huntington Beach
The transaction involved Sack Properties as the buyer, with Derrek Ostrzyzek from CBRE representing the deal on behalf of the buyer.
The multifamily sale at 8945 Riverbend Dr in Huntington Beach, California sold for $51.9M in 2017. 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 2017. Published consideration for 8945 Riverbend Dr is $51.9M, dated 2017. Cite this Sack Properties Acquires Multifamily Asset At 8945 Riverbend Dr Huntington Beach For $51.85M sale when underwriting similar multifamily product around Huntington Beach, California.
Players
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
0.31%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93