Daily limit: 0/10
Orion Investment Real Estate Sells Urban 357 Apartments In Phoenix For $41M
SOLD
$41,000,000
Arizona
See Similar DealsMultiFamily149,983 SF
Sold 04/08/2024
SOLD
Orion Investment Real Estate Sells Urban 357 Apartments In Phoenix For $41M
2912 East Indian School Road
See Similar DealsMultiFamily149,983 SF
Sold 04/08/2024
Summary
ARIZONA
Asset Type:MultiFamily
Price Per Square Foot:$273
Total Square Footage:149,983 SF
Transaction Type:Sale
The Urban 357 Apartments in Phoenix, a multifamily asset, located at 2912 East Indian School Road, was sold for $41 million. The property comprises 357 units, with each unit costing $114,846. The total square footage of the property is 149,983, translating to $273 per square foot in terms of price.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $41,000,000
- Units: 357
- Price Per Unit: $114,846
- Square Footage: 149,983
- Price Per Square Foot: $273
- Address: 2912 East Indian School Road
- Market: Phoenix, AZ
- Brokers: Angelessa Ritchie & Linda Fritz-Salazar - Orion Investment Real Estate
Orion Investment Real Estate played a key role in facilitating the $41 million transaction of the Urban 357 Apartments in Phoenix. Angelessa Ritchie and Linda Fritz-Salazar, representing Orion Investment Real Estate, were the brokers involved in the deal.
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)
$2,186,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$145,664.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$194,360.92
Annual Debt Service$2,332,331.01
Is there something missing? Send suggestions