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J And J Glenn East SFR LLC And J And J Glenn East LLC Acquire Tucson Multifamily Asset For $4.4M
SOLD
$4,400,000
Arizona
See Similar DealsMultiFamily61,640 SF
Sold 10/15/2025
SOLD
J And J Glenn East SFR LLC And J And J Glenn East LLC Acquire Tucson Multifamily Asset For $4.4M
2315 East Glenn Street & 2333 East Glenn Street
See Similar DealsMultiFamily61,640 SF
Sold 10/15/2025
Summary
ARIZONA
Asset Type:MultiFamily
Price Per Square Foot:$71
Total Square Footage:61,640 SF
Transaction Type:Sale
The property asset involved in this transaction is a multifamily complex located at 2315 & 2333 East Glenn Street in Tucson, AZ. It sold for $4,400,000, comprising 47 units within a total square footage of 30,820. The price per unit was calculated at $93,617, and the price per square foot stands at $143.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $4,400,000
- Units: 47
- Square Footage: 30,820
- Price Per Unit: $93,617
- Price Per Square Foot: $143
- Buyer: J and J Glenn East SFR LLC & J and J Glenn East LLC
- Seller: LO PLA LLC & Glenn East LLC
- Brokers: Allan Mendelsberg & Joey Martinez - Cushman & Wakefield | PICOR
The transaction involved key individuals and companies including the buyers, J and J Glenn East SFR LLC and J and J Glenn East LLC, who acquired the property from sellers LO PLA LLC and Glenn East LLC. The deal was brokered by Allan Mendelsberg and Joey Martinez from Cushman & Wakefield | PICOR.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$234,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,632.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,858.24
Annual Debt Service$250,298.94
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