Colonia Properties TIC II, LLC Acquires Multifamily Property In Tucson, AZ For $2.85M
SOLD
$2,850,000
Arizona
See Similar DealsMultiFamily18,152 SF
Sold 08/15/2022
SOLD
Colonia Properties TIC II, LLC Acquires Multifamily Property In Tucson, AZ For $2.85M
1742 North Oracle Road, Tucson, Arizona 85705, United States
See Similar DealsMultiFamily18,152 SF
Sold 08/15/2022
Summary
ARIZONA
Asset Type:MultiFamily
Price Per Square Foot:$157
Total Square Footage:18,152 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$151,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,125.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,510.45
Annual Debt Service$162,125.45
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