Logan Capital Acquires Multifamily Property In Flagstaff, AZ For $75M
SOLD
$75,000,000
Arizona
See Similar DealsMultiFamily
Sold 07/14/2022
SOLD
Logan Capital Acquires Multifamily Property In Flagstaff, AZ For $75M
1651 North Gemini Drive, Flagstaff, Arizona 86001, United States
See Similar DealsMultiFamily
Sold 07/14/2022
Summary
ARIZONA
Asset Type:MultiFamily
Transaction Type:Sale
The multifamily property located at 1651 N Gemini Rd in Flagstaff, AZ has been sold in a recent transaction. The property consists of 155 units and was sold for a total price of $75,000,000, resulting in a price per unit of $483,871.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $75,000,000
- Address: 1651 N Gemini Rd, Flagstaff, AZ
- Market: Flagstaff, AZ
- Buyer: Logan Capital
- Seller: St. Clair Holdings
- Broker: Berkadia
- Units: 155
- Price Per Unit: $483,871
The buyer in this transaction is Logan Capital, while the seller is St. Clair Holdings. The deal was facilitated by Berkadia, acting as the broker in the transaction.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$4,000,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$266,459.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$355,538.26
Annual Debt Service$4,266,459.16
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