Updated Dec 4, 2024
Vertical Street Ventures Acquires Juniper Canyon Tucson Multifamily For $19.8M
3055 Flowing Wells Road
$19,800,000
Units
140
Asset Type
MultiFamily
Closing
Sep 11, 2023
About this deal
AI
An affiliate of Vertical Street Ventures has acquired Juniper Canyon, a 140-unit apartment property located at 3055 North Flowing Wells Road in Tucson, Arizona. The property was purchased for a total sale price of $19.8 million, resulting in an average price per unit of $141,429.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $19,800,000
- Units: 140
- Price per Unit: $141,429
- Date: 09/11/2023
- Market: Tucson, AZ
Steven Louie, representing Vertical Street Ventures, facilitated the acquisition of Juniper Canyon. This multi-family property transaction is aimed at expanding Vertical Street Ventures' portfolio in the Tucson market, showcasing their continued commitment to investment opportunities in the real estate sector.
On the Map
$19,800,000
MultiFamily
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.80%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93