SOLDMultiFamily
Weidner Apartment Homes Acquires Multifamily Property In San Bernardino For $16.5M
San Bernardino, CA, USA
$16,500,000
Building Size
—
Asset Type
MultiFamily
Closing
May 17, 2021
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.
Players
San Bernardino MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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