Peter Gillin - Morgan-Skenderian Investment RE Group Facilitates $4.25M Sale Of Multifamily Property In Downey
SOLD
$4,250,000
California
See Similar DealsMultiFamily147,740 SF
Sold
SOLD
Peter Gillin - Morgan-Skenderian Investment RE Group Facilitates $4.25M Sale Of Multifamily Property In Downey
9448 Nance St, Downey, CA 90241, USA
See Similar DealsMultiFamily147,740 SF
Sold
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$28
Total Square Footage:147740 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$226,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,099.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,147.17
Annual Debt Service$241,766.02
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