Tom Wolff Acquires 53-Unit Multifamily Property In Tucson, AZ For $6M
1039 North Alamo Avenue, Tucson, Arizona 85711, United States
$6,000,000
$140/SF
Building Size
42,717 SF
Asset Type
MultiFamily
Closing
Dec 29, 2021
AI
In a recent transaction in Tucson, AZ, a multifamily property located at 1039 N. Alamo Ave. has been sold. The property, consisting of 53 units, spans a total area of 42,717 square feet. The sale was facilitated by brokers Andy C. Kawatra and Sevak Keshishian from Marcus & Millichap. The transaction took place on December 29, 2021, with a sale price of $6,000,000, resulting in a price per unit of $113,207 and a price per square foot of $140.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $6,000,000
- Units: 53
- Price Per Unit: $113,207
- Total Square Footage: 42,717
- Price Per Square Foot: $140
- Address: 1039 N. Alamo Ave.
- Market: Tucson, AZ
- Buyer: Tom Wolff
- Seller: Linda Laking
- Brokers: Andy C. Kawatra & Sevak Keshishian - Marcus & Millichap
The successful sale of this multifamily property in Tucson reflects the expertise and negotiation skills of the brokers involved, Andy C. Kawatra and Sevak Keshishian. Their representation through Marcus & Millichap played a pivotal role in facilitating this transaction.
Players
Tucson 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
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93