GID Acquires La Habra Multifamily For $182.5M
SOLD
$182,500,000
California
See Similar DealsMultiFamily
Sold
SOLD
GID Acquires La Habra Multifamily For $182.5M
951 S Beach Blvd, La Habra, CA, USA
See Similar DealsMultiFamily
Sold
Summary
CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale
The multifamily property located at 951 S. Beach Blvd. in La Habra has been sold for a transaction amount of $182,500,000. The property consists of 335 units, with a per unit price of $544,776. The sale took place on 12/08/2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $182,500,000
- Address: 951 S. Beach Blvd., La Habra
- Market: La Habra
The buyer of the property was GID, while the sellers were Northwestern Mutual and Fairfield Residential. Joe Leon from Voit represented the buyer in this transaction.
Players
SELLER
SELLER
LENDER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$9,733,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$648,383.97
Cash-on-Cash Return-1.27%
Monthly Debt Service$865,143.11
Annual Debt Service$10,381,717.29
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