Logan Capital Acquires Multifamily Property In Flagstaff, AZ For $75M
1651 North Gemini Drive, Flagstaff, Arizona 86001, United States
$75,000,000
Units
155
Asset Type
MultiFamily
Closing
Jul 13, 2022
AI
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
Flagstaff 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
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93