Updated Oct 28, 2024
Decron Properties Acquires Multifamily Property In Glendale, Arizona For $101M
20250 North 57th Avenue, Glendale, Arizona 85308, United States
$101,000,000
$46,118/SF
Building Size
2,190 SF
Asset Type
MultiFamily
Closing
Dec 13, 2021
About this deal
AI
Decron Properties has acquired a multifamily property located at 20250 North 57th Avenue in Glendale, Arizona. The transaction, which took place on 12/13/2021, was captured in an image by David Nagel. The property consists of 256 units and was sold for a price of $101,000,000, resulting in a price per unit of $394,531.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $101,000,000
- Units: 256
- Price Per Unit: $394,531
- Market: Glendale, Arizona
- Buyer: Decron Properties - David Nagel
Decron Properties, represented by David Nagel, completed the acquisition of this multifamily property in Glendale, Arizona. The deal, captured in an image shared by David Nagel on Instagram, reflects the growing interest in the Glendale market and the potential for long-term returns in the multifamily sector.
On the Map
$101,000,000
$46,118/SF
MultiFamily
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Glendale 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
0.16%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93