Updated Dec 21, 2023
Cerberus United Brokers $22M Multifamily Sale On El Centro Rd. In Sacramento
El Centro Rd, Sacramento, CA, USA
$22,000,000
Building Size
—
Asset Type
MultiFamily
Closing
May 31, 2020
About this deal
AI
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.
Players
Sacramento MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.72%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93