Updated Oct 28, 2024
Bella Property LLC Acquires 208-Unit Multifamily In San Jose For $26.1M
1908 Northwest 84th Avenue, Doral, FL, USA
$26,100,000
$159/SF
Building Size
163,626 SF
Asset Type
MultiFamily
Closing
Jul 1, 2020
About this deal
AI
Bella Property LLC has acquired a multifamily property located at 7500 Powers Ave. in San Jose, Jacksonville. The transaction took place on July 1, 2021, with a sale price of $26,100,000. The property consists of 208 units, with a price per unit (PPU) of $125,481.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $26,100,000
- Units: 208
- Price Per Unit: $125,481
- Market: San Jose, Jacksonville
The buyer, Bella Property LLC, acquired the property from the seller, Pinebrook CE Partners LLC. The deal was facilitated by brokers Cliff Taylor and Joe Ayers from CBRE.
Doral 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
0.61%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93