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TerraCap Management Acquires 360-Unit Tresa At Arrowhead Apartments For $82.2 Million

Property Image
SOLD
$82,200,000
Asher Gunter
Matt Pesch
Austin Groen

Arizona

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MultiFamily
Sold
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Property Image
SOLD

TerraCap Management Acquires 360-Unit Tresa At Arrowhead Apartments For $82.2 Million

17722 North 79th Avenue

See Similar Deals
MultiFamily
Sold
Asher Gunter
Matt Pesch
Austin Groen
the dealplayerscompscontact
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Summary

ARIZONA
Asset Type:MultiFamily
Transaction Type:Sale

17722 North 79th Avenue, located in Glendale, AZ, is a multifamily asset comprising 360 units. The property was sold for $82.2 million, with a per-unit price of $228,333.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $82,200,000
  • Buyer: TerraCap Management
  • Seller: Hamilton Zanze & Company
  • Units: 360
  • Brokerage Firm: CBRE
  • Broker Representatives: Matt Pesch, Asher Gunter & Austin Groen

In this transaction, TerraCap Management secured financing through a $53.4 million Fannie Mae loan, with the arrangement facilitated by CBRE, demonstrating collaborative efforts among the parties involved.

Players

Matt Pesch
CBRE
Matt Pesch
15 deals$1.2B volume
BROKER
Asher Gunter
CBRE
Asher Gunter
14 deals$1.2B volume
BROKER
Austin Groen
CBRE
Austin Groen
13 deals$1.1B volume(602) 735-1706
BROKER
TerraCap Management
TerraCap Management
BUYER
Hamilton Zanze & Company
Hamilton Zanze & Company
SELLER

Details

SOLD
IMAGE: 03/06/2026 ADDRESS: 17722 North 79th Avenue MARKET: Glendale, AZ ASSET TYPE: Multifamily BUYER: TerraCap Management SELLER: Hamilton Zanze & Company BROKERS: Matt Pesch, Asher Gunter & Austin Groen - CBRE (@CBRE) SALE PRICE: $82,200,000 UNITS: 360 ~ PPU: $228,333 NOTE: TerraCap Management acquired the 360-unit Tresa at Arrowhead Apartments in Glendale, Ariz., for $82.2 million, financing the deal with a $53.4 million Fannie Mae loan arranged by CBRE.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$4,384,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$292,039.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$389,669.94
Annual Debt Service$4,676,039.24