SB Real Estate Partners Acquires 387-Unit Multifamily Property In Phoenix, AZ For $91M
SOLD
$91,000,000
Arizona
See Similar DealsMultiFamily
Sold 06/07/2022
SOLD
SB Real Estate Partners Acquires 387-Unit Multifamily Property In Phoenix, AZ For $91M
2700 West Sahuaro Drive, Phoenix, Arizona 85029, United States
See Similar DealsMultiFamily
Sold 06/07/2022
Summary
ARIZONA
Asset Type:MultiFamily
Transaction Type:Sale
Located at 2700 W Sahuaro Dr in Phoenix, AZ, this multifamily property was recently sold in a closed transaction. The property consists of 387 units and was purchased for a total sale price of $91,000,000, resulting in an average price per unit of $235,142.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $91,000,000
- Units: 387
- Price Per Unit: $235,142
The buyer in this transaction was SB Real Estate Partners, represented by Srijin Bandyopadhyay. The brokers involved in the deal were Cliff David and Steve Gebing from Institutional Property Advisors.
Players
Details
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
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
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.
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
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$4,853,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$323,303.79
Cash-on-Cash Return-1.27%
Monthly Debt Service$431,386.43
Annual Debt Service$5,176,637.11
Is there something missing? Send suggestions