Updated Oct 28, 2024
Sundance Bay Acquires Multifamily Property In Sierra Vista For $46.5M
1201 North Colombo Avenue, Sierra Vista, Arizona 85635, United States
$46,500,000
Units
252
Asset Type
MultiFamily
Closing
Jun 29, 2022
About this deal
AI
The multifamily property located at 1201 Colombo Ave in Sierra Vista, AZ has been sold for a total of $46,500,000. The property consists of 252 units, with a price per unit of $184,454.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $46,500,000
- Units: 252
- Price Per Unit: $184,454
The buyer of the property is Sundance Bay, while the seller is Element Property.
The multifamily sale at 1201 North Colombo Avenue, Sierra Vista, Arizona 85635, United States in Sierra Vista, Arizona sold for $46.5M in 2022. Reported inventory is 252 units across 252 units. This page is the Sierra Vista, Arizona file for the 1201 North Colombo Avenue, Sierra Vista, Arizona 85635, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Sierra Vista sit in the Market section below. Filter that Sierra Vista multifamily set by closing date to see what else sold near 1201 North Colombo Avenue, Sierra Vista, Arizona 85635, United States around 2022. Published consideration for 1201 North Colombo Avenue, Sierra Vista, Arizona 85635, United States is $46.5M, dated 2022. Cite this Sundance Bay Acquires Multifamily Property In Sierra Vista For $46.5M sale when underwriting similar multifamily product around Sierra Vista, Arizona.
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Sierra Vista 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
0.34%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93