Pratap P Solanki Of Parshotam,INC Acquires Multifamily In Spring Valley For $8M
SOLD
$8,000,000
California
See Similar DealsMultiFamily21,546 SF
Sold 04/08/2024
SOLD
Pratap P Solanki Of Parshotam,INC Acquires Multifamily In Spring Valley For $8M
9550 Campo Road
See Similar DealsMultiFamily21,546 SF
Sold 04/08/2024
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$371
Total Square Footage:21,546 SF
Transaction Type:Sale
The multifamily property located at 9550 Campo Road in Spring Valley was recently sold for $8,000,000. The property spans 21,546 square feet, comprising 47 units, resulting in a price per unit of $170,213. The price per square foot was calculated at $371.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $8,000,000
- Units: 47
- Price per Unit: $170,213
- Square Footage: 21,546
- Price per Square Foot: $371
- Address: 9550 Campo Road
- Market: Spring Valley
The buyer of this property was Pratap P Solanki representing Parshotam, INC, while the seller was Ann Peckham Keenan. The buyer was represented by Abe Peay & Jeff Diller from South Coast Commercial.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$426,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$28,422.30
Cash-on-Cash Return-1.27%
Monthly Debt Service$37,924.08
Annual Debt Service$455,088.98
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