Carmel Partners Acquires Daly City Apartment Portfolio In $675M Sale
Daly City Apartment Portfolio,Daly City, CA
$675,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Feb 3, 2023
AI
The Daly City Apartment Portfolio in Daly City, CA has been sold for a staggering $675,000,000. The multifamily property consists of 3,000 units, resulting in a price per unit of $225,000. The sale was finalized on 02/03/2023.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $675,000,000
- Units: 3,000
- Price Per Unit: $225,000
- Address: Daly City, CA
Carmel Partners, represented by Ron Zeff, acquired the Daly City Apartment Portfolio from Bakar Properties. Ron Zeff, of Carmel Partners, acted as the buyer's representative in the transaction.
Players
Daly City 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
0.02%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93