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
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