Updated Oct 28, 2024
Draper & Kramer Acquires 240 Unit Multifamily In Phoenix For $108.96M
23555 North Desert Peak Parkway, Phoenix, Arizona 85024, United States
$108,960,000
Units
240
Asset Type
MultiFamily
Closing
Jul 10, 2022
About this deal
AI
The multifamily property located at 23555 N Desert Peak Pkwy in Phoenix, AZ has been sold. The transaction took place on 07/11/2022 and the sale price for the property was $108,960,000. The property consists of 240 units, resulting in a per unit price of $454,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $108,960,000
- Units: 240
- Price Per Unit: $454,000
Draper & Kramer, represented by Jack Bierwirth, acted as the buyer in this transaction.
The multifamily sale at 23555 North Desert Peak Parkway, Phoenix, Arizona 85024, United States in Phoenix, Arizona sold for $109M in 2022. Reported inventory is 240 units across 240 units. This page is the Phoenix, Arizona file for the 23555 North Desert Peak Parkway, Phoenix, Arizona 85024, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Phoenix sit in the Market section below. Filter that Phoenix multifamily set by closing date to see what else sold near 23555 North Desert Peak Parkway, Phoenix, Arizona 85024, United States around 2022. Published consideration for 23555 North Desert Peak Parkway, Phoenix, Arizona 85024, United States is $109M, dated 2022. Cite this Draper & Kramer Acquires 240 Unit Multifamily In Phoenix For $108.96M sale when underwriting similar multifamily product around Phoenix, Arizona.
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Phoenix MultiFamily Market Snapshot
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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