Updated Dec 4, 2024
Riverside Suites, Tucson Multifamily Property, Sold For $5.1M To Riverside Apts LLC
1725 East Limberlost Drive
$5,100,000
$176/SF
Building Size
28,952 SF
Asset Type
MultiFamily
Closing
Jan 29, 2024
About this deal
AI
Riverside Suites, a multifamily property located at 1725 East Limberlost Drive in Tucson, AZ, has been sold for $5.1 million. The property spans a total area of 28,952 square feet, resulting in a price per square foot of $176.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,100,000
- Address: 1725 East Limberlost Drive, Tucson, AZ
- Market: Tucson, AZ
- Brokers: Allan Mendelsberg & Joey Martinez - Cushman & Wakefield
Cushman & Wakefield | PICOR acted as the intermediary in the sale of Riverside Suites. The property was acquired by Riverside Apts LLC from Campbell 33 LLC.
Players
Tucson 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
3.11%
Cash-on-Cash
-0.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93