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4518 North 73rd Street, Sco...

Stockdale Capital Partners Acquires Multifamily Property In Scottsdale For $84M
FINANCEDMultiFamily

Stockdale Capital Partners Acquires Multifamily Property In Scottsdale For $84M

4518 North 73rd Street, Scottsdale, AZ, USA

$84,000,000

Building Size

Asset Type

MultiFamily

Closing

Dec 13, 2021

AI

The multifamily property located at 4518 North 73rd Street in Scottsdale, Arizona has been involved in a recent transaction. The property consists of 260 units and is owned by Steven Yari & Shawn Yari, who are represented by Stockdale Capital Partners. The deal was facilitated by Jeremy Womack from JLL and the lender for the transaction is Square Mile Capital Management, with Tom Burns representing the company. The loan amount for this transaction is $84,000,000.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $84,000,000
  • Address: 4518 North 73rd Street, Scottsdale, Arizona
  • Market: Scottsdale, Arizona
  • Units: 260
  • Landlord: Steven Yari & Shawn Yari - Stockdale Capital Partners
  • Broker: Jeremy Womack - JLL
  • Lender: Square Mile Capital Management - Tom Burns

The individuals and companies involved in this transaction include Steven Yari & Shawn Yari as the landlords, represented by Stockdale Capital Partners. The deal was facilitated by Jeremy Womack from JLL. Square Mile Capital Management, with Tom Burns representing the company, provided the loan for the transaction. These key players played an integral role in the successful completion of this multifamily property transaction in Scottsdale, Arizona.

Players

Jeremy Womack

JLL

Broker

$132.6M

vol

3 deals

Broker
Square Mile Capital
Square Mile CapitalLender
Stockdale Capital Partners
Stockdale Capital PartnersLandlord

Shawn Yari

Stockdale Capital Partners

Landlord

$236M

vol

6 deals

Landlord

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

0.19%

Cash-on-Cash

-0.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93