Goodman Real Estate Inc Acquires Scottsdale Grand Multifamily From Oxford Properties

15501 North Dial Boulevard

$117,000,000

Building Size

—

Asset Type

MultiFamily

Closing

Jul 3, 2024

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.

Players

Scottsdale 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

0.14%

Cash-on-Cash

-0.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93