Updated Dec 4, 2024
Capro Arcadia Views LLC Acquires Multifamily Property From Kris Tomlinson - Kinella Capital
2640 North 52nd Street
$8,500,000
Units
16
Asset Type
MultiFamily
Closing
Jan 31, 2024
About this deal
AI
Located at 2640 North 52nd Street in Phoenix, Arizona, ARCADIA VIEWS is a newly constructed 16-unit luxury apartment community. The property was sold for $8.5 million, with each unit priced at $531,250.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $8,500,000
- Units: 16
- Price Per Unit: $531,250
- Buyer: Capro Arcadia Views LLC
- Seller: Kris Tomlinson - Kinella Capital
- Brokers: David Fogler, Race Carter & Steven Nicoluzakis - Cushman & Wakefield
Cushman & Wakefield oversaw the transaction, facilitating the purchase of ARCADIA VIEWS by Capro Arcadia Views LLC. The sale involved key individuals such as David Fogler, Race Carter, and Steven Nicoluzakis from Cushman & Wakefield, playing crucial roles in the property transaction.
On the Map
$8,500,000
MultiFamily
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Players
Phoenix 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
1.87%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93