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
Mesa MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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