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6608 S West Shore Blvd

Rockwell Property Co Acquires Multifamily Asset From John Venetos Steward Helm For $90 Million
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:

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

Daniel Rahmani

Capital Property Partners

Broker

$184.9M

vol

12 deals

Broker
RC
Rockwell Property CoBuyer

John Venetos - Steward + Helm

John Venetos - Steward + Helm

Seller
Seller

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