Sundance Bay Acquires Multifamily Property In Sierra Vista For $46.5M
SOLD
$46,500,000
Arizona
See Similar DealsMultiFamily
Sold 06/30/2022
SOLD
Sundance Bay Acquires Multifamily Property In Sierra Vista For $46.5M
1201 North Colombo Avenue, Sierra Vista, Arizona 85635, United States
See Similar DealsMultiFamily
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
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Deal Type
30 years
10 years
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
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