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425 West Osborn Road, Phoen...

ABI Multifamily Brokers Complete $21.5M Sale Of 59-Unit Multifamily Property In Phoenix, AZ
SOLDMultiFamily

ABI Multifamily Brokers Complete $21.5M Sale Of 59-Unit Multifamily Property In Phoenix, AZ

425 West Osborn Road, Phoenix, Arizona 85013, United States

$21,500,000

Building Size

Asset Type

MultiFamily

Closing

May 12, 2022

AI

On December 5, 2022, a multifamily property located at 425 W Osborn, Phoenix, AZ, was sold for a total price of $21,500,000. The property consists of 59 units, with an average price per unit of $364,407.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $21,500,000
  • Market: Phoenix, AZ
  • Address: 425 W Osborn
  • Units: 59
  • Price per Unit (PPU): $364,407

Alon Shnitzer, Rue Bax, Eddie Chang, and Doug Lazovick from ABI Multifamily represented the involved parties in this transaction.

Players

Alon Shnitzer

Broker

$277.1M

vol

8 deals

Broker

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

0.74%

Cash-on-Cash

-0.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93