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Golden Horizon Enterprises Acquires Bella Grace Multifamily Community In Chandler For $69M
SOLD
Arizona
See Similar DealsMultiFamily
Sold 11/12/2025
SOLD
Golden Horizon Enterprises Acquires Bella Grace Multifamily Community In Chandler For $69M
2121 North Grace Boulevard
See Similar DealsMultiFamily
Sold 11/12/2025
Summary
ARIZONA
Asset Type:MultiFamily
Transaction Type:Sale
A multifamily asset located at 2121 North Grace Boulevard in Chandler, AZ, has been sold. The property encompasses 194 units, achieving a price per unit of $355,670 and a total sale price of $69,000,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $69,000,000
- Buyer: Golden Horizon Enterprises
- Seller: The Inland Real Estate Group of Companies, Inc
- Brokerage: Berkadia
- Brokers involved: Mark Forrester, Ric Holway, Dan Cheyne & Andrew Curtis
- Units: 194
- Price Per Unit: $355,670
Berkadia facilitated the sale of Bella Grace, a build-to-rent community in Chandler, Arizona, transitioning ownership to Golden Horizon Enterprises.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,679,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$245,142.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$327,095.20
Annual Debt Service$3,925,142.43
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