Marcus & Millichap Brokers $6.1M Sale Of 40-Unit Multifamily In Mesa, AZ
237 South Ashland, Mesa, AZ, USA
$6,100,000
$265/SF
Building Size
23,000 SF
Asset Type
MultiFamily
Closing
Oct 18, 2021
AI
The multifamily property located at 237 S. Ashland in Mesa, AZ, was recently sold for $6,100,000. The sale took place on October 18, 2021 and involved a total of 40 units, with a price per unit of $152,500. The property is situated in the Mesa market.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,100,000
- Units: 40
- Price Per Unit: $152,500
The sale of this multifamily property was facilitated by brokers Darrell Moffitt and Paul Bay from Marcus & Millichap.
Players
Mesa 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
2.60%
Cash-on-Cash
-0.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93