Updated Aug 25, 2026
SOLDMultiFamily
Rockwell Property Co Acquires 248,256 Multifamily Property For $90 Million
6608 S West Shore Blvd
$90,000,000
$362/SF
Building Size
248,256 SF
Asset Type
MultiFamily
Closing
Apr 8, 2022
About this deal
AI
The property asset involved in this transaction is a MultiFamily building located at 6608 S West Shore Blvd, encompassing a total area of 248,256 square feet. The transaction was finalized for an amount of $90,000,000.00 and includes a total of 246 units.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $90,000,000.00
- Address: 6608 S West Shore Blvd
- Square Footage: 248,256
- Units: 246
- Buyer: Rockwell Property Co
- Seller: John Venetos - Steward + Helm (John Venetos - Steward + Helm)
- Broker Representatives: Raphael David Jajati (Capital Property Partners), Daniel Rahmani (Capital Property Partners)
This transaction featured Rockwell Property Co as the buyer and John Venetos - Steward + Helm as the seller, both key players in the deal. The involvement of Capital Property Partners by brokers Raphael David Jajati and Daniel Rahmani facilitated this transaction.
Players
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.18%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93