Updated Apr 29, 2026
Christopher R. Cotter Acquires Victoria Arms Apartments In Tucson For $2.9M From G & B Holdings LLC
1518 East Hedrick Drive
$2,900,000
$150/SF
Building Size
19,250 SF
Asset Type
MultiFamily
Closing
Apr 27, 2026
About this deal
AI
The multifamily property at 1518 East Hedrick Drive, Tucson, AZ, has been sold for $2,900,000. The asset encompasses 19,250 square feet and is designated as a 25-unit apartment complex known as Victoria Arms Apartments, with a price per square foot of $151.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,900,000
- Address: 1518 East Hedrick Drive
- Market: Tucson, AZ
- Square Footage: 19,250
- Price Per Square Foot: $151
- Buyer: Christopher R. Cotter
- Seller: G & B Holdings LLC
- Broker Representatives: Allan Mendelsberg & Joey Martinez - Cushman & Wakefield
Christopher R. Cotter has completed the acquisition of the Victoria Arms Apartments from G & B Holdings LLC, marking a significant transaction in the Tucson multifamily sector. The representation in this deal was handled by Allan Mendelsberg and Joey Martinez from Cushman & Wakefield.
Players
Tucson MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.47%
Cash-on-Cash
-1.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93