Updated Dec 19, 2023
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
About this deal
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.
The multifamily sale at 9448 Nance St, Downey, CA 90241, USA in Downey, California sold for $4.3M in 2020. The building is 147,740 square feet, implying about 28 per square foot on the published price. Named participants on the 9448 Nance St, Downey, CA 90241, USA sale are Peter Gillin, Mike Brassard. This page is the Downey, California file for the 9448 Nance St, Downey, CA 90241, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Downey sit in the Market section below. Filter that Downey multifamily set by closing date to see what else sold near 9448 Nance St, Downey, CA 90241, USA around 2020. Published consideration for 9448 Nance St, Downey, CA 90241, USA is $4.3M, dated 2020. Cite this Peter Gillin - Morgan-Skenderian Investment RE Group Facilitates $4.25M Sale Of Multifamily Property In Downey sale when underwriting similar multifamily product around Downey, California.
On the Map
$4,250,000
$28/SF
MultiFamily
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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