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Goodman Real Estate Inc Acquires Scottsdale Grand Multifamily From Oxford Properties
SOLD
$117,000,000
Arizona
See Similar DealsMultiFamily
Sold 07/03/2024
SOLD
Goodman Real Estate Inc Acquires Scottsdale Grand Multifamily From Oxford Properties
15501 North Dial Boulevard
See Similar DealsMultiFamily
Sold 07/03/2024
Summary
ARIZONA
Asset Type:MultiFamily
Transaction Type:Sale
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.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$6,240,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$415,676.29
Cash-on-Cash Return-1.27%
Monthly Debt Service$554,639.69
Annual Debt Service$6,655,676.29
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