Updated Oct 20, 2026
Jeffrey L Pressman Trust Sells MultiFamily Property At 1010 1012 S Smith Rd For $3.88M
1010 1012 S Smith Rd
$3,880,000
$360/SF
Building Size
10,752 SF
Asset Type
MultiFamily
Closing
May 19, 2022
About this deal
AI
The property asset involved in the transaction is a MultiFamily asset located at 1010 1012 S Smith Rd in Tempe. The transaction was finalized for a price of $3,880,000.00, encompassing a total square footage of 10,752.0.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $3,880,000.00
- Address: 1010 1012 S Smith Rd
- Market: Tempe
- Square Footage: 10,752.0
- Seller: JEFFREY L PRESSMAN TRUST
- Broker: Davide F. Pio, CCIM
The key individuals involved in the transaction include the seller, JEFFREY L PRESSMAN TRUST, and the broker representing the deal, Davide F. Pio, CCIM, who facilitated the transaction.
On the Map
$3,880,000
$360/SF
MultiFamily
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Players
Tempe MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.09%
Cash-on-Cash
-1.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93