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Havenpark Communities Acquires Mesa Multifamily For $44M

Property Image
SOLD
$44,000,000
Jared Bosch
Don Vedeen
Chris Michl
+ 2

Arizona

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MultiFamily
Sold 07/26/2022
the dealplayerscompscontact
Property Image
SOLD

Havenpark Communities Acquires Mesa Multifamily For $44M

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

See Similar Deals
MultiFamily
Sold 07/26/2022
Jared Bosch
Don Vedeen
Chris Michl
+ 2
the dealplayerscompscontact
Contact now

Summary

ARIZONA
Asset Type:MultiFamily
Transaction Type:Sale

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
Jeff Benson
19 deals$381.6M volume
BROKER
Sam Neumark
NorthMarq
Sam Neumark
14 deals$327.4M volume
BROKER
Jared Bosch
NorthMarq
Jared Bosch
2 deals$44M volume
BROKER
Don Vedeen
Don Vedeen
2 deals$44M volume
BROKER
Chris Michl
Chris Michl
2 deals$44M volume
BROKER

Details

SOLD
IMAGE: Jared Bosch, Chris Michl, Don Vedeen, Jeff Bensen & Samuel Neumark DATE: 07/26/2022 ADDRESS: 2060 N Center St MARKET: Mesa, AZ ASSET TYPE: Multifamily BUYER: Havenpark Communities, LLC SELLER: Country Club MHP, LLC BROKERS: Jared Bosch, Don Vedeen, Chris Michl, Jeff Bensen & Samuel Neumark - Northmarq SALE PRICE: $44,000,000

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

$2,346,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$156,322.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$208,582.45
Annual Debt Service$2,502,989.37