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Oxnard Portfolio Investment LP Acquires Multifamily Portfolio For $41.78M

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SOLD
$41,778,177

South Carolina

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MultiFamily630,425 SF
Sold 03/11/2024
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Property Image
SOLD

Oxnard Portfolio Investment LP Acquires Multifamily Portfolio For $41.78M

201 North G St, 540-600 W Channel Islands Blvd, 1250 North H Street, 1140 North H Street & 200-220 East Yucca St

See Similar Deals
MultiFamily630,425 SF
Sold 03/11/2024
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Summary

SOUTH CAROLINA
Asset Type:MultiFamily
Price Per Square Foot:$66
Total Square Footage:630,425 SF
Transaction Type:Sale

The multifamily property located at 201 North G Street, 540-600 West Channel Islands Boulevard, 1250 North H Street, 1140 North H Street, 200-220 East Yucca Street in Oxnard, CA, was sold for $41,778,177. This property consists of 160 units with a price per unit of $261,114 and a total square footage of 126,085, resulting in a price per square foot of $331.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $41,778,177
  • Units: 160
  • Price Per Unit: $261,114
  • Square Footage: 126,085
  • Price Per Square Foot: $331
  • Address: 201 North G Street, 540-600 West Channel Islands Boulevard, 1250 North H Street, 1140 North H Street, 200-220 East Yucca Street
  • Market: Oxnard, CA

The buyers of the Oxnard Portfolio Investment LP, who acquired this multifamily property, were Jerry Marcil, Jamie Nocher, Ryan Rembert, Mason Rowland, and Josh Feldman. They were represented in the transaction by the brokers Josh Feldman, Mason Rowland, and Ryan Rembert from KW Commercial. The seller of the property was Ron Jenny.

Players

Ryan Rembert
11 deals$230.8M volume
BROKER

Mason Rowland
KW Commercial
11 deals$223.2M volume
BROKER

Josh Feldman
Keller Williams Realty
3 deals$54.4M volume(310) 375-3511
BROKER

Details

SOLD
IMAGE: Josh Feldman, Mason Rowland & Ryan Rembert DATE: 03/11/2024 ADDRESS: 201 North G Street, 540-600 West Channel Islands Boulevard, 1250 North H Street, 1140 North H Street, 200-220 East Yucca Street MARKET: Oxnard, CA ASSET TYPE: Multifamily BUYER: Jerry Marcil, Jamie Nocher, Ryan Rembert, Mason Rowland & Josh Feldman - Oxnard Portfolio Investment LP SELLER: Ron Jenny BROKERS: Josh Feldman (@JoshFelds), Mason Rowland & Ryan Rembert (@Rembert_Rowland_CRE) - KW Commercial (@KW_Commercial) SALE PRICE: $41,778,177 UNITS: 160 ~ PPU: $261,114 SF: 126,085 ~ PPSF: $331

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

$2,228,169.42

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$148,429.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$198,049.87
Annual Debt Service$2,376,598.48