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AJS Equities Acquires Multifamily Property On West Wilshire Blvd For $10.8M

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SOLD
$10,800,000

Oklahoma

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MultiFamily144,200 SF
Sold 12/22/2022
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Property Image
SOLD

AJS Equities Acquires Multifamily Property On West Wilshire Blvd For $10.8M

6370 West Wilshire Boulevard

See Similar Deals
MultiFamily144,200 SF
Sold 12/22/2022
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Summary

OKLAHOMA
Asset Type:MultiFamily
Price Per Square Foot:$74
Total Square Footage:144,200 SF
Transaction Type:Sale

A multifamily property located at 6370 West Wilshire Boulevard in Oklahoma City, OK has been sold in a closed transaction. The property consists of 150 units with a total square footage of 144,200. The sale price for this transaction was $10,800,000, resulting in a price per unit of $72,000 and a price per square foot of $75.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $10,800,000
  • Units: 150
  • Price Per Unit: $72,000
  • Square Footage: 144,200
  • Price Per Square Foot: $75
  • Address: 6370 West Wilshire Boulevard, Oklahoma City, OK
  • Market: Oklahoma City, OK

The buyer for this transaction is AJS Equities, represented by Abe Serouya & Sonny Safdeye, while El Centro Marketplace, represented by Mike McLean, acted as the seller.

Players

4 deals$51.1M volume
BUYER

Details

SOLD
IMAGE: Abe Serouya & Sonny Safdeye DATE: 12/22/2022 ADDRESS: 6370 West Wilshire Boulevard MARKET: Oklahoma City, OK ASSET TYPE: Multifamily BUYER: AJS Equities - Abe Serouya & Sonny Safdeye SELLER: El Centro Marketplace - Mike McLean SALE PRICE: $10,800,000 UNITS: 150 ~ PPU: $72,000 SF: 144,200 ~ PPSF: $75

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$576,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$38,370.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$51,197.51
Annual Debt Service$614,370.12