facebook
Traded Co logo
Submit

SB Real Estate Partners Acquires Multifamily Property In Phoenix For $27.5M

Property Image
SOLD
$27,500,000
Cody Kirkpatrick
Chinmay Bhatt
+ 1

Arizona

See Similar Deals
MultiFamily122,974 SF
Sold 10/05/2021
the dealplayerscompscontact
Property Image
SOLD

SB Real Estate Partners Acquires Multifamily Property In Phoenix For $27.5M

3434 E McDowell Rd, Phoenix, AZ, USA

See Similar Deals
MultiFamily122,974 SF
Sold 10/05/2021
Cody Kirkpatrick
Chinmay Bhatt
+ 1
Contact now

Summary

ARIZONA
Asset Type:MultiFamily
Price Per Square Foot:$223
Total Square Footage:122,974 SF
Transaction Type:Sale

The multifamily property located at 3434 E McDowell Rd in Phoenix, AZ has been sold for a price of $27,500,000. The property consists of 128 units, with a price per unit of $214,844. The transaction took place on 10/05/2021.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $27,500,000
  • Address: 3434 E McDowell Rd, Phoenix, AZ
  • Market: Phoenix, AZ
  • Buyer: SB Real Estate Partners - Srijin Bandyopadhyay
  • Seller: Break of Day Capital
  • Brokers: Brian Smuckler, Jeff Seaman, Derek Smigiel, & Bryson Fricke - CBRE
  • Mortgage Brokers: Chinmay Bhatt, Noam Franklin, & Cody Kirkpatrick - Berkadia
  • Units: 128
  • Price Per Unit: $214,844

The buyer in this transaction is SB Real Estate Partners - Srijin Bandyopadhyay, while the seller is Break of Day Capital. The brokers involved in the deal are Brian Smuckler, Jeff Seaman, Derek Smigiel, & Bryson Fricke from CBRE. Chinmay Bhatt, Noam Franklin, & Cody Kirkpatrick from Berkadia served as the mortgage brokers for this transaction.

Players

Noam Franklin
20 deals$780.2M volume(917) 544-3141
BROKER

Cody Kirkpatrick
Berkadia
19 deals$748.2M volume
BROKER

Chinmay Bhatt
Berkadia
20 deals$780.2M volume
BROKER


Break of Day Capital
SELLER

Details

SOLD
IMAGE: Brian Smuckler, Jeff Seaman, Srijin Bandyopadhyay, Derek Smigiel & Bryson Fricke DATE: 10/05/2021 ADDRESS: 3434 E McDowell Rd MARKET: Phoenix, AZ ASSET TYPE: Multifamily BUYER: SB Real Estate Partners - Srijin Bandyopadhyay SELLER: Break of Day Capital BROKERS: Brian Smuckler, Jeff Seaman, Derek Smigiel, & Bryson Fricke - CBRE MORTGAGE BROKERS: Chinmay Bhatt, Noam Franklin, & Cody Kirkpatrick - Berkadia SALE PRICE: $27,500,000 UNITS: 128 ~ PPU: $214,844

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

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
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,466,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$97,701.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$130,364.03
Annual Debt Service$1,564,368.36