Updated Oct 28, 2024
Interwest Capital Group Acquires Mesa Multifamily For $69.2M
111 North Gilbert Road, Mesa, AZ, USA
$69,200,000
$543/SF
Building Size
127,336 SF
Asset Type
MultiFamily
Closing
Nov 9, 2021
About this deal
AI
The multifamily property located at 111 North Gilbert Road in Mesa, AZ, has been sold for a total price of $69,200,000. The sale was completed on 11/09/2021, with Interwest Capital Group represented by Alex Roudi as the buyer and FPA Multifamily represented by Greg Fowler as the seller. The property consists of 397 units, with a per unit price of approximately $174,307.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $69,200,000
- Units: 397
- Price Per Unit: $174,307
- Buyer: Interwest Capital Group - Alex Roudi
- Seller: FPA Multifamily - Greg Fowler
- Market: Mesa, AZ
Alex Roudi, representing Interwest Capital Group, facilitated the purchase of the property, while Greg Fowler, representing FPA Multifamily, oversaw the sale. This transaction highlights the successful collaboration between these key individuals and their respective companies in the multifamily market.
On the Map
$69,200,000
$543/SF
MultiFamily
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Players
Mesa 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
0.23%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93