Updated Oct 28, 2024
Ideal Capital Acquires Multifamily Property In Central Coast For $51M
3554 Ranch House Road, Central, SC, USA
$51,000,000
Units
105
Asset Type
MultiFamily
Closing
Jul 30, 2020
About this deal
AI
The multifamily property located at 3554 Ranch House Road in Central Coast has been sold in a closed transaction. The deal was finalized on July 30, 2021.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $51,000,000
- Market: Central Coast
- Units: 105
- Price Per Unit (PPU): $481,904
- Buyer: Ideal Capital
- Seller: WestCreek
- Brokers: Dean Zander, Stew Weston, and Jef Henderson
The property consists of 105 units, and it was sold at a price of $51,000,000. The buyer, Ideal Capital, acquired the property from the seller, WestCreek. The brokers involved in the transaction were Dean Zander, Stew Weston, and Jef Henderson.
Players
Central 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
0.31%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93