ABI Multifamily Facilitates $6.9M Sale Of Quays At Encanto Multifamily Apartments In Phoenix, Arizona
1840 West Thomas Road
$6,925,000
$247/SF
Building Size
28,040 SF
Asset Type
MultiFamily
Closing
Jan 11, 2024
AI
ABI Multifamily has facilitated the $6.9 million sale of Quays at Encanto, a 26-unit multifamily apartment community in Phoenix, Arizona. The property, located at 1840 West Thomas Road, offers a total square footage of 28,040 and consists of 26 units. The sale price of $6,925,000 translates to an average price per unit of $266,346, and the price per square foot is $247.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $6,925,000
- Units: 26
- Price Per Unit: $266,346
- Square Footage: 28,040
- Price Per Square Foot: $247
- Market: Phoenix, AZ
- Brokers: Mitchell Drake, Carson Griesemer & Dallin Hammond - ABI Multifamily
Leading the transaction are brokers Mitchell Drake, Carson Griesemer, and Dallin Hammond from ABI Multifamily.
Players
Phoenix MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.29%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93