Updated Feb 28, 2025
Fairfield Acquires Multifamily In East Village For $106M
895 Park Boulevard, San Diego, California 92101, United States
$106,000,000
Units
295
Asset Type
MultiFamily
Closing
Apr 6, 2022
About this deal
AI
Located in East Village, the multifamily property at 895 Park Blvd. has recently been sold in a transaction facilitated by Darcy Miramontes and Kip Malo from JLL. The property was acquired by Fairfield from Lowe, represented by Mike McNerney and LaSalle Investment Management. The sale, which took place on April 7, 2022, amounted to a total of $106,000,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $106,000,000
- Address: 895 Park Blvd.
- Market: East Village
- Buyer: Fairfield
- Seller: Lowe - Mike McNerney & LaSalle Investment Management
- Brokers: Darcy Miramontes & Kip Malo - JLL
The property consists of 295 units, with an average price per unit of $359,322.
On the Map
$106,000,000
MultiFamily
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Players
San Diego 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
0.15%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93