Updated Oct 28, 2024
Colonia Properties TIC II, LLC Acquires Multifamily Property In Tucson, AZ For $2.85M
1742 North Oracle Road, Tucson, Arizona 85705, United States
$2,850,000
$157/SF
Building Size
18,152 SF
Asset Type
MultiFamily
Closing
Aug 14, 2022
About this deal
AI
The multifamily property located at 1742 North Oracle Road in Tucson, AZ has been sold in a recent transaction. The property, with a total square footage of 18,152, was sold for a price of $2,850,000. This equates to a price per square foot of $2,850,000. The transaction included the transfer of 52 keys, resulting in a price per key of $109,615.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,850,000
- Address: 1742 North Oracle Road, Tucson, AZ
- Market: Tucson, AZ
Colonia Properties TIC II, LLC acquired the property from Oasis Living. The brokerage firm Cushman & Wakefield represented both parties in the deal. Allan Mendelsberg and Conrad Martinez, from Cushman & Wakefield, served as the brokers for this transaction.
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
5.57%
Cash-on-Cash
-1.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93