Sack Properties Acquires Multifamily Asset At 8945 Riverbend Dr Huntington Beach For $51.85M
SOLD
$51,850,000
California
See Similar DealsMultiFamily
Sold 10/01/2017
SOLD
Sack Properties Acquires Multifamily Asset At 8945 Riverbend Dr Huntington Beach For $51.85M
8945 Riverbend Dr
See Similar DealsMultiFamily
Sold 10/01/2017
Summary
CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,765,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$184,212.11
Cash-on-Cash Return-1.27%
Monthly Debt Service$245,795.45
Annual Debt Service$2,949,545.43
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