Updated Feb 13, 2026
DGE Investments Acquires Multifamily Properties In Tucson From Vertical Street Ventures For $37M
3985 North Stone Avenue & 1622 East Prince Road
$37,000,000
$53,468/SF
Building Size
346 SF
Asset Type
MultiFamily
Closing
Feb 13, 2026
About this deal
AI
Two REO-related multifamily properties located at 3985 North Stone Avenue and 1622 East Prince Road in Tucson, AZ, were sold covering a total of 11.57 acres. The transaction was finalized for a total sale price of $37,000,000, with the total square footage amounting to 346 and a price per square foot of $106,936.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $37,000,000
- Buyer: DGE Investments
- Seller: Vertical Street Ventures
- Sale Date: 02/13/2026
- Market: Tucson, AZ
- Total Acres: 11.57
- Square Feet: 346
- Price Per Square Foot: $106,936
Metro Tucson Apartments (232 units) and Equinox on Prince (114 units) were sold as part of the transaction. Notably, both transactions concluded without broker representation.
On the Map
$37,000,000
$53,468/SF
MultiFamily
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Tucson 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
0.43%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93