Marcus & Millichap Sells Multifamily Property In Santa Barbara For $2.61M With Buyers Rep Glen Scher, Filip Niculete & Michael McNulty Jr
318 South Voluntario Street
5,500 SF
Summary
A multifamily property located at 318 S Voluntario St in Santa Barbara has been sold for a price of $2,610,000. The property consists of 8 units with a price per unit of $326,250. Spanning across 5,500 square feet, the property has a price per square foot of $470. The transaction took place on April 16, 2021, and was facilitated by brokers Michael McNulty Jr., Filip Niculete, and Glen Scher from LaaaTeam - Marcus & Millichap, as well as Eadan Avgi from Keller Williams Beverly Hills.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,610,000
- Units: 8
- Price Per Unit: $326,250
- Square Footage: 5,500
- Price Per Square Foot: $470
- Capitalization Rate: 4.85%
- Gross Rent Multiplier: 13.53
- Market: Santa Barbara
Leading the deal were brokers Michael McNulty Jr., Filip Niculete, and Glen Scher from LaaaTeam - Marcus & Millichap, along with Eadan Avgi from Keller Williams Beverly Hills. Their expertise and dedication played a significant role in facilitating this transaction.
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4
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