Updated Dec 21, 2023
CBRE Acquires Multifamily Asset In Palm Desert For $3.8M
Palm Desert, California, Estados Unidos
$3,800,000
$176/SF
Building Size
21,535 SF
Asset Type
MultiFamily
Closing
Oct 22, 2020
About this deal
AI
A multifamily property in Palm Desert was recently sold for a price of $3,800,000. The property spans 21,535 square feet, resulting in a price per square foot of $176.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,800,000
The sale was facilitated by Cray A. Carlson, Senior Vice President with CBRE, and Kevin Sin, an Associate with CBRE.
The multifamily sale at Palm Desert, California, Estados Unidos in Palm Desert, California sold for $3.8M in 2020. The building is 21,535 square feet, implying about 176 per square foot on the published price. Kevin Sin, CBRE appear on the sale alongside CBRE. This page is the Palm Desert, California file for the Palm Desert, California, Estados Unidos multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Palm Desert sit in the Market section below. Filter that Palm Desert multifamily set by closing date to see what else sold near Palm Desert, California, Estados Unidos around 2020. Published consideration for Palm Desert, California, Estados Unidos is $3.8M, dated 2020. Cite this CBRE Acquires Multifamily Asset In Palm Desert For $3.8M sale when underwriting similar multifamily product around Palm Desert, California.
Players
Palm Desert MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Kevin Sin to view all their deals.
Browse California multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.17%
Cash-on-Cash
-1.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93