Tides Equities Acquires Multifamily Property In Goodyear, AZ For $71.8M
1891 North Litchfield Road
$71,800,000
Building Size
—
Asset Type
MultiFamily
Closing
Jun 30, 2021
AI
An apartment complex located at 1891 N Litchfield Rd in Goodyear, AZ has been sold for $71,800,000. The multifamily property consists of 264 units, with an average price per unit of $271,969.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $71,800,000
- Units: 264
- Price Per Unit: $271,969
The seller of the property was Avanti Residential, while the buyer was Tides Equities represented by Sean Kia and Ryan Andrade. The transaction was facilitated by CBRE.
Players
Goodyear 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
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93