MG Properties Acquires Multifamily Property In Chandler, AZ For $107M
SOLD
$107,000,000
Arizona
See Similar DealsMultiFamily
Sold 09/01/2022
SOLD
MG Properties Acquires Multifamily Property In Chandler, AZ For $107M
2150 South Arizona Avenue, Chandler, Arizona 85286, United States
See Similar DealsMultiFamily
Sold 09/01/2022
Summary
ARIZONA
Asset Type:MultiFamily
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$5,706,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$380,148.39
Cash-on-Cash Return-1.27%
Monthly Debt Service$507,234.59
Annual Debt Service$6,086,815.07
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