Updated Dec 4, 2024
Eaton Vance Corp Acquires Griffin Apartments In Scottsdale For $127.78M
3234 North Scottsdale Road Scottsdale, Arizona 85251, USA
$127,780,000
Units
277
Asset Type
MultiFamily
Closing
Jul 5, 2023
About this deal
AI
The Griffin Apartments, located at 3234 North Scottsdale Road in Scottsdale, Arizona, have been sold for $127.78 million. The multifamily property consists of 277 units, with an average price per unit of $461,300.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $127,780,000
- Address: 3234 North Scottsdale Road, Scottsdale, AZ
- Market: Scottsdale, AZ
- Buyer: Eaton Vance Corp
- Seller: Starwood Real Estate Income Trust
- Units: 277
- Price Per Unit: $461,300
Eaton Vance Corp, a Boston-based investment manager, acquired the Griffin Apartments from Starwood Real Estate Income Trust.
On the Map
$127,780,000
MultiFamily
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Players
Scottsdale MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.12%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93