facebook
Traded Co logo
Submit

Sundance Bay Acquires Multifamily Property In Sierra Vista For $46.5M

Property Image
SOLD
$46,500,000

Arizona

See Similar Deals
MultiFamily
Sold 06/30/2022
the dealdetailscomps
Property Image
SOLD

Sundance Bay Acquires Multifamily Property In Sierra Vista For $46.5M

1201 North Colombo Avenue, Sierra Vista, Arizona 85635, United States

See Similar Deals
MultiFamily
Sold 06/30/2022

Summary

ARIZONA
Asset Type:MultiFamily
Transaction Type:Sale

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.

Players

BUYER

Details

SOLD
IMAGE: 06/30/2022 ADDRESS: 1201 Colombo Ave MARKET: Sierra Vista, AZ ASSET TYPE: Multifamily BUYER: Sundance Bay SELLER: Element Property SALE PRICE: $46,500,000 UNITS: 252 ~ PPU: $184,454

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$2,479,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$165,204.68
Cash-on-Cash Return-1.27%
Monthly Debt Service$220,433.72
Annual Debt Service$2,645,204.68