CBRE Brokers Multifamily Sale In San Bernardino For $12M
505-545 Weir Rd & 2605-2619 Flint Way
$12,047,000
$272/SF
Building Size
44,146 SF
Asset Type
MultiFamily
Closing
May 4, 2023
AI
A multifamily property located at 505-545 Weir Rd & 2605-2619 Flint Way in San Bernardino has been sold. The property consists of 79 units with a price per unit of $152,494 and a total square footage of 44,146. The sale price for the property was $12,047,000, with a price per square foot of $273.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $12,047,000
- Units: 79
- Price Per Unit: $152,494
- Square Footage: 44,146
- Price Per Square Foot: $273
- Address: 505-545 Weir Rd & 2605-2619 Flint Way, San Bernardino
Eric Chen from CBRE represented the parties involved in 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
1.32%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93