Daily limit: 0/10
2302 East Fort Lowell Owner LLC Acquires Wasko Modern Apartments In Tucson For $6.1M
SOLD
$6,100,000
Arizona
See Similar DealsMultiFamily30,280 SF
Sold 02/26/2024
SOLD
2302 East Fort Lowell Owner LLC Acquires Wasko Modern Apartments In Tucson For $6.1M
2302 East Fort Lowell Road
See Similar DealsMultiFamily30,280 SF
Sold 02/26/2024
Summary
ARIZONA
Asset Type:MultiFamily
Price Per Square Foot:$201
Total Square Footage:30,280 SF
Transaction Type:Sale
The multifamily property located at 2302 East Fort Lowell Road in Tucson, AZ was sold for $6.1 million. Spanning 30,280 square feet, the asset was acquired by 2302 East Fort Lowell Owner LLC from the seller, Wasko Modern LLC. The sale was facilitated by brokers Allan Mendelsberg and Joey Martinez from Cushman & Wakefield, with a price per square foot of $201.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,100,000
- Address: 2302 East Fort Lowell Road
- Market: Tucson, AZ
- Square Footage: 30,280
- Seller: Wasko Modern LLC
- Buyer: 2302 East Fort Lowell Owner LLC
- Brokers: Allan Mendelsberg & Joey Martinez - Cushman & Wakefield
Cushman & Wakefield | PICOR played a vital role in the sale of the Wasko Modern Apartments in Tucson. Wasko Modern LLC successfully sold the multifamily property to 2302 East Fort Lowell Owner LLC for a significant amount, marking a notable transaction in the Tucson real estate market.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$325,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$21,672.03
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,917.11
Annual Debt Service$347,005.34
Is there something missing? Send suggestions