Updated Dec 4, 2024
Goodman Real Estate Inc Acquires Scottsdale Grand Multifamily From Oxford Properties
15501 North Dial Boulevard
$117,000,000
Units
285
Asset Type
MultiFamily
Closing
Jul 3, 2024
About this deal
AI
The Scottsdale Grand, a 285-unit apartment complex located at 15501 North Dial Boulevard in Scottsdale, Arizona, was sold for $117 million. This transaction resulted in an average price per unit of $410,526.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $117,000,000
- Buyer: Goodman Real Estate Inc
- Seller: Oxford Properties
Goodman Real Estate Inc. acquired the Scottsdale Grand from Oxford Properties in a significant real estate deal in Scottsdale, AZ.
The multifamily sale at 15501 North Dial Boulevard in Scottsdale, Arizona sold for $117M in 2024. Reported inventory is 285 units across 285 units. This page is the Scottsdale, Arizona file for the 15501 North Dial Boulevard multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Scottsdale sit in the Market section below. Filter that Scottsdale multifamily set by closing date to see what else sold near 15501 North Dial Boulevard around 2024. Published consideration for 15501 North Dial Boulevard is $117M, dated 2024. Cite this Goodman Real Estate Inc Acquires Scottsdale Grand Multifamily From Oxford Properties sale when underwriting similar multifamily product around Scottsdale, Arizona.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.14%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93