SOLDMultiFamily
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
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.
Players
Huntington Beach MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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