Brian Fitterer Acquires Manufactured Housing In Huntington Beach For $58M
16444 Bolsa Chica Street, Huntington Beach, CA, USA
$58,000,000
$39,835/SF
Building Size
1,456 SF
Asset Type
Other
Closing
Aug 20, 2020
AI
A Manufactured Housing property located at 16444 Bolsa Chica St. in Huntington Beach has been sold for $58,000,000. The transaction took place on 08/20/2021. The property consists of 167 units, with a price per unit (PPU) of $347,305.
Summary of transaction details
- Property Type: Manufactured Housing
- Transaction Amount: $58,000,000
- Address: 16444 Bolsa Chica St.
- Market: Huntington Beach
- Buyer: Brian Fitterer
- Seller: Coulter Family
- Brokers: Jeff Benson, Sam Neumark, and Kody Scott
- Units: 167
- PPU: $347,305
The deal was facilitated by brokers Jeff Benson, Sam Neumark, and Kody Scott. They represented the buyer and seller in this transaction, ensuring a successful sale of the manufactured housing property in Huntington Beach.
Players
Huntington Beach Other Market Snapshot
Boundary boundary · Other · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.27%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93