CBRE Brokers Multifamily Sale In San Bernardino For $12M
SOLD
National
See Similar DealsMultiFamily44,146 SF
Sold 05/04/2023
SOLD
CBRE Brokers Multifamily Sale In San Bernardino For $12M
505-545 Weir Rd & 2605-2619 Flint Way
See Similar DealsMultiFamily44,146 SF
Sold 05/04/2023
Summary
Asset Type:MultiFamily
Price Per Square Foot:$272
Total Square Footage:44,146 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$642,506.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$42,800.46
Cash-on-Cash Return-1.27%
Monthly Debt Service$57,108.93
Annual Debt Service$685,307.11
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