Orion Investment Real Estate Brokers Sell Phoenix Multifamily Property For $24M
SOLD
$24,000,000
Arizona
See Similar DealsMultiFamily
Sold 11/01/2022
SOLD
Orion Investment Real Estate Brokers Sell Phoenix Multifamily Property For $24M
2122 West Butler Drive, Phoenix, Arizona 85021, United States
See Similar DealsMultiFamily
Sold 11/01/2022
Summary
ARIZONA
Asset Type:MultiFamily
Transaction Type:Sale
The multifamily property located at 2122 W Butler Drive in Phoenix, AZ has recently been sold for a total price of $24,000,000. This property consists of 150 units, resulting in a per unit price of $160,000. The sale was facilitated by Linda Fritz-Salazar and Angelessa Ritchie from Orion Investment Real Estate.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $24,000,000
- Units: 150
- Price Per Unit: $160,000
- Brokers: Linda Fritz-Salazar & Angelessa Ritchie - Orion Investment Real Estate
The involvement of Linda Fritz-Salazar and Angelessa Ritchie from Orion Investment Real Estate was crucial in facilitating this successful transaction. Their expertise and experience in the industry played a significant role in ensuring a smooth process for both the buyer and the seller.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,279,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$85,266.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$113,772.24
Annual Debt Service$1,365,266.93
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