Updated Dec 12, 2024
Weidner Apartment Homes Acquires Multifamily Property In San Bernardino For $16.5M
San Bernardino, CA, USA
$16,500,000
Units
80
Asset Type
MultiFamily
Closing
May 17, 2021
About this deal
AI
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.
The multifamily sale at San Bernardino, CA, USA in San Bernardino, California sold for $16.5M in 2021. Reported inventory is 80 units across 80 units. Named participants on the San Bernardino, CA, USA sale are Mike Farley. This page is the San Bernardino, California file for the San Bernardino, CA, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same San Bernardino sit in the Market section below. Filter that San Bernardino multifamily set by closing date to see what else sold near San Bernardino, CA, USA around 2021. Published consideration for San Bernardino, CA, USA is $16.5M, dated 2021. Cite this Weidner Apartment Homes Acquires Multifamily Property In San Bernardino For $16.5M sale when underwriting similar multifamily product around San Bernardino, California.
Players
San Bernardino 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
0.96%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93