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
Spring Valley 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
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93