facebook
Traded Co logo
Submit

CBRE Brokers $9.5M Multifamily Sale In Arcadia

Property Image
SOLD
$9,500,000

California

See Similar Deals
MultiFamily28,022 SF
Sold 05/12/2022
the dealplayerscompscontact
Property Image
SOLD

CBRE Brokers $9.5M Multifamily Sale In Arcadia

933 Arcadia Avenue, Arcadia, California 91007, United States

See Similar Deals
MultiFamily28,022 SF
Sold 05/12/2022
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$339
Total Square Footage:28,022 SF
Transaction Type:Sale

Located in Arcadia, this multifamily property at 933 Arcadia Ave. recently sold for a total of $9,500,000. The sale, facilitated by CBRE broker Priscilla Nee, took place on 05/12/2022. The property consists of 20 units, resulting in a price per unit of $475,000.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $9,500,000
  • Address: 933 Arcadia Ave.
  • Market: Arcadia
  • Broker: Priscilla Nee - CBRE
  • Units: 20
  • Price per Unit: $475,000

This transaction stands as a testament to the vibrant real estate market in Arcadia. With 20 units in a multifamily property, the sale garnered a lot of attention. Priscilla Nee, a representative from CBRE, successfully brokered the deal. This sale highlights the strong demand and potential profitability of multifamily properties in the area.

Players

Priscilla Nee
CBRE
Priscilla Nee
10 deals$166.5M volume
BROKER

Details

SOLD
IMAGE: Priscilla Nee DATE: 05/12/2022 ADDRESS: 933 Arcadia Ave. MARKET: Arcadia ASSET TYPE: Multifamily BROKER: Priscilla Nee - CBRE (@CBRE) SALE PRICE: $9,500,000 UNITS: 20 ~ PPU: $475,000

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$506,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$33,751.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$45,034.85
Annual Debt Service$540,418.16