Updated Mar 11, 2025
Colonial Oaks Senior Living & Fortress Investment Group Acquire Multifamily Property In Scottsdale, AZ For $37M
11415 North 114th Street, Scottsdale, Arizona 85259, United States
$37,000,000
Units
170
Asset Type
MultiFamily
Closing
Aug 2, 2022
About this deal
AI
Colonial Oaks Senior Living and Fortress Investment Group have acquired a multifamily property located at 11415 N 114th St in Scottsdale, AZ. The property consists of 170 units.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $37,000,000
- Loan Type: Acquisition loan
The deal was facilitated by CBRE brokers Aron Will, Austin Sacco, and Adam Mincberg, who represented the parties involved in the transaction.
The multifamily loan at 11415 North 114th Street, Scottsdale, Arizona 85259, United States in Scottsdale, Arizona financed for $37M in 2022. Reported inventory is 170 units across 170 units. Austin Sacco, Aron Will, Adam Mincberg, Berkadia appear on the loan alongside Berkadia, CBRE. This page is the Scottsdale, Arizona file for the 11415 North 114th Street, Scottsdale, Arizona 85259, United States multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Scottsdale sit in the Market section below. Filter that Scottsdale multifamily set by closing date to see what else financed near 11415 North 114th Street, Scottsdale, Arizona 85259, United States around 2022. Published consideration for 11415 North 114th Street, Scottsdale, Arizona 85259, United States is $37M, dated 2022. Cite this Colonial Oaks Senior Living & Fortress Investment Group Acquire Multifamily Property In Scottsdale, AZ For $37M loan when underwriting similar multifamily product around Scottsdale, Arizona.
Players
Scottsdale MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.43%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93