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

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.