SOLDMultiFamily
Rockwell Property Co Acquires Multifamily Asset From John Venetos Steward Helm 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
AI
The property involved in this transaction is a MultiFamily asset located at 6608 S West Shore Blvd, encompassing a total square footage of 248,256. The transaction was completed with a sale price of $90,000,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $90,000,000.00
- Address: 6608 S West Shore Blvd
- Square Footage: 248,256
- Buyer: Rockwell Property Co
- Seller: John Venetos - Steward + Helm
- Broker Representatives: Raphael David Jajati (Capital Property Partners), Daniel Rahmani (Capital Property Partners)
Key individuals in this transaction include John Venetos representing the seller along with Steward + Helm, while the buyer, Rockwell Property Co, was represented by brokers Raphael David Jajati and Daniel Rahmani from Capital Property Partners.
Players
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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