Updated Oct 28, 2024
Rise48 Equity LLC Acquires Multifamily Property In Tempe, AZ For $45M
1025 East Orange Street, Tempe, AZ, USA
$45,000,000
$673/SF
Building Size
66,800 SF
Asset Type
MultiFamily
Closing
Oct 22, 2021
About this deal
AI
The multifamily property located at 1025 E Orange St in Tempe, AZ has been sold. The transaction took place on 10/22/2021.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $45,000,000
- Address: 1025 E Orange St, Tempe, AZ
- Units: 197
- Price per Unit: $228,426
The buyer of the property is Rise48 Equity LLC, while the seller is Brookhill Corporation. The deal was facilitated by brokers Brett Polachek, Chris Canter, and Brad Goff from Newmark.
The multifamily sale at 1025 East Orange Street, Tempe, AZ, USA in Tempe, Arizona sold for $45M in 2021. Reported inventory is 66,800 square feet across 197 units, or about 673 per square foot. Chris Canter, Brett Polachek, Brad Goff, Newmark appear on the sale alongside Newmark. This page is the Tempe, Arizona file for the 1025 East Orange Street, Tempe, AZ, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Tempe sit in the Market section below. Filter that Tempe multifamily set by closing date to see what else sold near 1025 East Orange Street, Tempe, AZ, USA around 2021. Published consideration for 1025 East Orange Street, Tempe, AZ, USA is $45M, dated 2021. Cite this Rise48 Equity LLC Acquires Multifamily Property In Tempe, AZ For $45M sale when underwriting similar multifamily product around Tempe, Arizona.
On the Map
$45,000,000
$673/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
0.35%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93