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9550 Campo Road

Pratap P Solanki Of Parshotam,INC Acquires Multifamily In Spring Valley For $8M
SOLDMultiFamily

Pratap P Solanki Of Parshotam,INC Acquires Multifamily In Spring Valley For $8M

9550 Campo Road

$8,000,000

$371/SF

Building Size

21,546 SF

Asset Type

MultiFamily

Closing

Apr 8, 2024

AI

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.

Players

Abe Peay

BridgePoint Realty, Inc

Broker

$41.2M

vol

7 deals

Broker

Spring Valley MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.98%

Cash-on-Cash

-0.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93