MG Properties Acquires Multifamily Property In Chandler, AZ For $107M
2150 South Arizona Avenue, Chandler, Arizona 85286, United States
$107,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Aug 31, 2022
AI
A multifamily property located at 2150 S Arizona Ave in Chandler, AZ was recently sold for a total of $107,000,000. The property is a part of the market in Chandler, AZ and features a number of residential units.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $107,000,000
- Address: 2150 S Arizona Ave, Chandler, AZ
- Market: Chandler, AZ
The buyer of the property was MG Properties. Mark Forrester & Dan Cheyne, representing Berkadia, acted as the brokers in the deal.
Players
Chandler 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
0.15%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93