facebook
Traded Co logo
Submit
Daily limit: 0/10

Capro Arcadia Views LLC Acquires Multifamily Property From Kris Tomlinson - Kinella Capital

Property Image
SOLD
$8,500,000
Steven Nicoluzakis
David Fogler
Race Carter

Arizona

See Similar Deals
MultiFamily
Sold 01/31/2024
the dealplayerscompscontact
Property Image
SOLD

Capro Arcadia Views LLC Acquires Multifamily Property From Kris Tomlinson - Kinella Capital

2640 North 52nd Street

See Similar Deals
MultiFamily
Sold 01/31/2024
Steven Nicoluzakis
David Fogler
Race Carter
the dealplayerscompscontact
Contact now

Summary

ARIZONA
Asset Type:MultiFamily
Transaction Type:Sale

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:

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.

Players

Steven Nicoluzakis
Cushman & Wakefield
Steven Nicoluzakis
9 deals$319.8M volume(602) 524-4434
BROKER
David Fogler
Cushman & Wakefield
David Fogler
9 deals$319.8M volume(602) 999-2949
BROKER
Race Carter
Cushman & Wakefield
Race Carter
2 deals$75M volume(602) 229-5842
BROKER

Details

SOLD
IMAGE: Kris Tomlinson, David Fogler, Race Carter & Steven Nicoluzakis DATE: 01/31/2024 ADDRESS: 2640 North 52nd Street MARKET: Phoenix, AZ ASSET TYPE: Multifamily BUYER: Capro Arcadia Views LLC SELLER: Kris Tomlinson - Kinella Capital BROKERS: David Fogler, Race Carter & Steven Nicoluzakis - Cushman & Wakefield SALE PRICE: $8,500,000 UNITS: 16 ~ PPU: $531,250 NOTE: Cushman & Wakefield has facilitated the sale of ARCADIA VIEWS, a newly constructed 16-unit luxury apartment community in Phoenix, Arizona, to Capro Arcadia Views LLC for $8.5 million.

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

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
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$453,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$30,198.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$40,294.34
Annual Debt Service$483,532.04