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2060 N Center St, Mesa, Ari...

Havenpark Communities Acquires Mesa Multifamily For $44M
SOLDMultiFamily

Havenpark Communities Acquires Mesa Multifamily For $44M

2060 N Center St, Mesa, Arizona 85201, United States

$44,000,000

Building Size

Asset Type

MultiFamily

Closing

Jul 25, 2022

AI

The multifamily property located at 2060 N Center St in Mesa, AZ has been sold for a total price of $44,000,000. The sale transaction took place on July 26, 2022.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $44,000,000
  • Address: 2060 N Center St, Mesa, AZ
  • Market: Mesa, AZ

Havenpark Communities, LLC acquired the property from Country Club MHP, LLC. The deal was facilitated by the brokers Jared Bosch, Don Vedeen, Chris Michl, Jeff Bensen, and Samuel Neumark, who represented both the buyer and the seller in the transaction.

Players

Jeff Benson

NorthMarq

Broker

$381.6M

vol

19 deals

Broker

Mesa 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

0.36%

Cash-on-Cash

-0.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93