Ogden Capital Partners Sells 130-Unit Multifamily In Phoenix For $36.5M
SOLD
$36,500,000
Arizona
See Similar DealsMultiFamily
Sold 08/11/2022
SOLD
Ogden Capital Partners Sells 130-Unit Multifamily In Phoenix For $36.5M
1517 East Colter Street, Phoenix, Arizona 85014, United States
See Similar DealsMultiFamily
Sold 08/11/2022
Summary
ARIZONA
Asset Type:MultiFamily
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,946,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$129,676.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$173,028.62
Annual Debt Service$2,076,343.46
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