SOLDMultiFamily
Ogden Capital Partners Sells 130-Unit Multifamily In Phoenix For $36.5M
1517 East Colter Street, Phoenix, Arizona 85014, United States
$36,500,000
Building Size
—
Asset Type
MultiFamily
Closing
Aug 10, 2022
AI
Ogden Capital Partners has sold a multifamily property located at 1517 E Colter in Phoenix, AZ. The property consists of 130 units and was sold for a total price of $36,500,000, resulting in a price per unit of $280,769.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $36,500,000
- Units: 130
- Price per Unit: $280,769
The sale was facilitated by the brokers Chris Canter, Brett Polachek, and Brad Goff of Newmark.
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
0.43%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93