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DGE Investments Acquires Multifamily Properties In Tucson From Vertical Street Ventures For $37M
SOLD
$37,000,000
Arizona
See Similar DealsMultiFamily692 SF
Sold 02/13/2026
SOLD
DGE Investments Acquires Multifamily Properties In Tucson From Vertical Street Ventures For $37M
3985 North Stone Avenue & 1622 East Prince Road
See Similar DealsMultiFamily692 SF
Sold 02/13/2026
Summary
ARIZONA
Asset Type:MultiFamily
Price Per Square Foot:$53,468
Total Square Footage:692 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,973,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$131,453.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$175,398.88
Annual Debt Service$2,104,786.52
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