Cerberus United Brokers $22M Multifamily Sale On El Centro Rd. In Sacramento
SOLD
$22,000,000
California
See Similar DealsMultiFamily
Sold 05/31/2020
SOLD
Cerberus United Brokers $22M Multifamily Sale On El Centro Rd. In Sacramento
El Centro Rd, Sacramento, CA, USA
See Similar DealsMultiFamily
Sold 05/31/2020
Summary
CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale
An apartment complex located on El Centro Rd. in Sacramento has been sold for a staggering $22,000,000. The sale took place on May 31, 2021, and was facilitated by Cerberus United, a real estate brokerage firm. The multifamily property is a notable addition to the local market, offering a lucrative investment opportunity.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $22,000,000
- Market: Sacramento
The sale of the apartment complex on El Centro Rd. in Sacramento reflects a significant transaction in the local market. The involvement of Cerberus United as the brokerage firm showcases their expertise in securing high-value deals. This transaction is a testament to the thriving real estate industry in Sacramento.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,173,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$78,161.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$104,291.22
Annual Debt Service$1,251,494.69
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