SOLDOther
Rutherford Investments Acquires Manufactured Housing Asset In Escondido For $28M
2700 East Valley Parkway, Escondido, California 92027, United States
$28,000,000
Building Size
—
Asset Type
Other
Closing
Dec 15, 2021
AI
The property involved in this closed transaction is a Manufactured Housing located at 2700 E. Valley Parkway in Escondido. The sale took place on 12/15/2021.
Summary of transaction details
- Property Type: Manufactured Housing
- Transaction Amount: $28,000,000
- Address: 2700 E. Valley Parkway
- Market: Escondido
- Buyer: Rutherford Investments
- Seller: Dana M. Wohlford
- Brokers: Samuel Neumark & Jeff Benson
- Units: 314
- Price Per Unit (PPU): $89,171
The deal was facilitated by brokers Samuel Neumark & Jeff Benson, representing the buyer and seller respectively.
Players
Escondido 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
0.57%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93