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
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