SOLDMultiFamily
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
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.
Players
Tempe MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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