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201 North G St

Oxnard Portfolio Investment LP Acquires Multifamily Portfolio For $41.78M
SOLDMultiFamily

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

$41,778,177

$66/SF

Building Size

630,425 SF

Asset Type

MultiFamily

Closing

Mar 11, 2024

AI

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

Keller Williams Realty

Broker

$230.8M

vol

11 deals

Broker

North 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

0.38%

Cash-on-Cash

-0.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93