Updated Oct 28, 2024
Tides Equities Acquires Multifamily Property In Phoenix, AZ For $32M
4221 West Dunlap Avenue, Phoenix, AZ, USA
$32,000,000
$157/SF
Building Size
203,425 SF
Asset Type
MultiFamily
Closing
Dec 6, 2021
About this deal
AI
The multifamily property located at 4221 W Dunlap Ave in Phoenix, AZ has been sold. The transaction took place on 12/06/2021. The property was sold by Rise48 Equity to Tides Equities at a sale price of $32,000,000. The property consists of 137 units, with a price per unit of $233,577.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $32,000,000
- Address: 4221 W Dunlap Ave, Phoenix, AZ
- Market: Phoenix, AZ
The sale of this multifamily property was facilitated by Cliff David & Steve Gebing, represented by Institutional Property Advisors - Marcus & Millichap.
Players
Phoenix 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
0.50%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93