SOLDMultiFamily
Tides Equities Acquires Multifamily Property In Phoenix For $43.8M
1502 East Osborn Road, Phoenix, AZ, USA
$43,800,000
$141/SF
Building Size
310,498 SF
Asset Type
MultiFamily
Closing
Nov 8, 2021
AI
The multifamily property located at 1502 East Osborn Road in Phoenix, AZ has been sold for $43,800,000. The property consists of 185 units, with a price per unit of $236,756.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $43,800,000
- Address: 1502 East Osborn Road, Phoenix, AZ
- Market: Phoenix, AZ
Tides Equities, represented by Sean Kia, acquired the property from the seller, Emma Capital. The deal was facilitated by Colliers International.
Players
Phoenix MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.36%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93