Weidner Apartment Homes Acquires Multifamily Property In San Bernardino For $16.5M
SOLD
$16,500,000
California
See Similar DealsMultiFamily
Sold 05/17/2021
SOLD
Weidner Apartment Homes Acquires Multifamily Property In San Bernardino For $16.5M
San Bernardino, CA, USA
See Similar DealsMultiFamily
Sold 05/17/2021
Summary
CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale
An multifamily property located in San Bernardino has been sold in a closed transaction. The property, consisting of 80 units, was sold for a price of $16,500,000, resulting in a per unit price of $206,250.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $16,500,000
- Units: 80
- Price per Unit (PPU): $206,250
The buyer of the property is Weidner Apartment Homes, represented by WeidnerDean. The seller is Tower 16 Capital, represented by Mike Farley.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$880,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$58,621.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$78,218.42
Annual Debt Service$938,621.01
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