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Investors Capital Group Purchases Vertical East Apartments From Vertical Street Ventures For $22 Million

Property Image
SOLD
$22,000,000
Steve Gebing
Hamid Panahi
+ 1

Arizona

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MultiFamily
Sold 01/23/2026
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Property Image
SOLD

Investors Capital Group Purchases Vertical East Apartments From Vertical Street Ventures For $22 Million

2050 North Pantano Road

See Similar Deals
MultiFamily
Sold 01/23/2026
Steve Gebing
Hamid Panahi
+ 1
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Summary

ARIZONA
Asset Type:MultiFamily
Transaction Type:Sale

The property asset involved in this transaction is the Vertical East Apartments, a multi-family complex located at 2050 North Pantano Road in Tucson, AZ. The asset was sold for $22,000,000 and comprises 109 units, resulting in a price per unit of $201,835. The apartment complex was constructed in 2001 and is situated near shopping centers.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $22,000,000
  • Units: 109
  • Price Per Unit: $201,835
  • Buyer: Investors Capital Group
  • Seller: Vertical Street Ventures
  • Lender: Arbor Realty Trust
  • Date of Sale: 01/23/2026
  • Market: Tucson, AZ
  • Brokers: Steve Gebing, Cliff David, Hamid Panahi & Clint Wadlund - Institutional Property Advisors

The deal involved Investors Capital Group purchasing the asset from Vertical Street Ventures, with financing provided by Arbor Realty Trust. The brokers facilitating the transaction were Steve Gebing, Cliff David, Hamid Panahi, and Clint Wadlund representing Institutional Property Advisors.

Players

Cliff David
36 deals$2.3B volume
BROKER

Hamid Panahi
Institutional Property Advisors
12 deals$686M volume
BROKER

Steve Gebing
Institutional Property Advisors
37 deals$2.4B volume
BROKER

Clint Wadlund
Institutional Property Advisors
11 deals$554.8M volume
BROKER

BUYER


Details

SOLD
IMAGE: 01/23/2026 ADDRESS: 2050 North Pantano Road MARKET: Tucson, AZ ASSET TYPE: MultiFamily BUYER: Investors Capital Group SELLER: Vertical Street Ventures BROKERS: Steve Gebing, Cliff David, Hamid Panahi & Clint Wadlund - Institutional Property Advisors LENDER: Arbor Realty Trust SALE PRICE: $22,000,000 UNITS: 109 ~ PPU: $201,835 NOTE: Vertical Street Ventures sold the 109-unit Vertical East Apartments in Tucson for $22 million, with Investor Capital Group buying and Arbor Realty providing a loan. The apartment complex, built in 2001, has amenities and is close to shopping centers.

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

$1,173,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$78,161.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$104,291.22
Annual Debt Service$1,251,494.69