SOLD
Blake Torgerson Acquires Multifamily Property In Menifee For $6.55M
28378 Encanto Drive
MultiFamily
40,038 SF
40,038 SF
Sold 1 year ago
Summary
Sale
CALIFORNIA
MultiFamily
40,038 sqft
Located in Menifee, the multifamily property at 28378 Encanto Drive has been sold for a total price of $6,550,000. The transaction took place on April 8, 2021. The property consists of 34 units, with an average price per unit of $192,647. The total area of the property is 40,038 square feet, resulting in a price per square foot of $163. The Gross Rent Multiplier (GRM) for this property is 12.66x, and the Capitalization Rate (CAP) is 4.05%.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $6,550,000
- Address: 28378 Encanto Drive
- Market: Menifee
The buyer's representative in this transaction was Blake Torgerson from BlakeTorg32, while the seller's representative was Eric Chen from Eric_C_Chen.
Players
All
3
Agents
2
Agencies
1
Details
SOLD
IMAGE: Eric Chen @Eric_C_Chen & Blake Torgerson @BlakeTorg32
DATE: 04/08/2021
ADDRESS: 28378 Encanto Drive
MARKET: Menifee
ASSET TYPE: Multifamily
BUYER’S REP: Blake Torgerson @BlakeTorg32
SELLER’S REP: Eric Chen @Eric_C_Chen
SALE PRICE: $6,550,000
UNITS: 34 ~ PPU: $192,647
SF: 40,038 ~ PPSF: $163
GRM: 12.66x
CAP: 4.05%View on map
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Address28378 Encanto Drive
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