Peter Gillin - Morgan-Skenderian Investment RE Group Facilitates $4.25M Sale Of Multifamily Property In Downey
9448 Nance St, Downey, CA 90241, USA
$4,250,000
$28/SF
Building Size
147,740 SF
Asset Type
MultiFamily
Closing
May 12, 2020
AI
The multifamily property located at 9448 Nance Ave in Downey has been sold for a price of $4,250,000. The property spans across 14,774 square feet, resulting in a price per square foot of $287.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $4,250,000
- Square Footage: 14,774
- Price per Square Foot: $287
- Market: Downey
The seller of the property was Mike Brassard. The brokerage firm involved in the transaction was Morgan-Skenderian Investment RE Group, represented by Peter Gillin.
Players
Downey 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
3.73%
Cash-on-Cash
-1.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93