facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Arizona

/

Multifamily

/

Sale

/

27 East Corona Avenue

KDF Communities Acquires 64-Unit Multifamily Complex In Phoenix For $12.6 Million
SOLDMultiFamily

KDF Communities Acquires 64-Unit Multifamily Complex In Phoenix For $12.6 Million

27 East Corona Avenue

$12,600,000

Building Size

Asset Type

MultiFamily

Closing

Jul 25, 2024

AI

The property involved in this transaction is a multifamily asset located at 27 East Corona Avenue, Phoenix, AZ. The sale price for the property was $12,600,000, consisting of 64 units. The price per unit (PPU) is calculated at $196,875.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $12,600,000
  • Address: 27 East Corona Avenue
  • Market: Phoenix, AZ
  • Units: 64
  • Price Per Unit: $196,875

JLL facilitated the transaction, connecting the seller with buyer KDF Communities. The brokers involved in the sale were Brian Smuckler, Bryson Fricke, Derek Smigiel, and Jeff Seaman, all representatives of JLL.

Players

Brian Smuckler

JLL

Broker

$53.3M

vol

4 deals

Broker

Phoenix MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.26%

Cash-on-Cash

-0.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93