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
692 SF
Asset Type
MultiFamily
Closing
Feb 13, 2026
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.
Players
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