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1651 North Gemini Drive, Fl...

Logan Capital Acquires Multifamily Property In Flagstaff, AZ For $75M
SOLDMultiFamily

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

LC
Logan CapitalBuyer

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