Updated Oct 28, 2024
Tides Equities Acquires Multifamily Property In Goodyear, AZ For $71.8M
1891 North Litchfield Road
$71,800,000
Units
264
Asset Type
MultiFamily
Closing
Jun 30, 2021
About this deal
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.
The multifamily sale at 1891 North Litchfield Road in Goodyear, Arizona sold for $71.8M in 2021. Reported inventory is 264 units across 264 units. Named participants on the 1891 North Litchfield Road sale are Sean Kia, Ryan Andrade. This page is the Goodyear, Arizona file for the 1891 North Litchfield Road multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Goodyear sit in the Market section below. Filter that Goodyear multifamily set by closing date to see what else sold near 1891 North Litchfield Road around 2021. Published consideration for 1891 North Litchfield Road is $71.8M, dated 2021. Cite this Tides Equities Acquires Multifamily Property In Goodyear, AZ For $71.8M sale when underwriting similar multifamily product around Goodyear, Arizona.
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