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HSL Asset Management Sells 184-Unit Multifamily Property In Phoenix For $93.5M

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SOLD
$93,500,000

Arizona

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MultiFamily
Sold 08/03/2022
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Property Image
SOLD

HSL Asset Management Sells 184-Unit Multifamily Property In Phoenix For $93.5M

44 West Monroe Street, Phoenix, Arizona 85003, United States

See Similar Deals
MultiFamily
Sold 08/03/2022
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Summary

ARIZONA
Asset Type:MultiFamily
Transaction Type:Sale

The multifamily property located at 44 W Monroe St in Phoenix, AZ was recently sold in a closed transaction. The property, consisting of 184 units, was sold by HSL Asset Management. The sale was facilitated by Brad Goff, Brett Polachek, and Chris Canter from Newmark. The sale price for the property was $93,500,000, resulting in a per-unit price of $508,152.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $93,500,000
  • Units: 184
  • Price per Unit: $508,152
  • Seller: HSL Asset Management
  • Brokers: Brad Goff, Brett Polachek, and Chris Canter - Newmark
  • Market: Phoenix, AZ
  • Date: 08/03/2022
  • Address: 44 W Monroe St

The involvement of Brad Goff, Brett Polachek, and Chris Canter from Newmark highlights the key individuals in this transaction. Their expertise and representation played a significant role in the successful sale of the multifamily property located at 44 W Monroe St.

Players

Chris Canter
11 deals$630.6M volume
BROKER

Brett Polachek
Newmark
11 deals$630.6M volume
BROKER

Brad Goff
Newmark
11 deals$630.6M volume
BROKER

Details

SOLD
IMAGE: Brad Goff, Brett Polachek & Chris Canter DATE: 08/03/2022 ADDRESS: 44 W Monroe St MARKET: Phoenix, AZ ASSET TYPE: Multifamily SELLER: HSL Asset Management BROKERS: Brad Goff, Brett Polachek & Chris Canter - Newmark SALE PRICE: $93,500,000 UNITS: 184 ~ PPU: $508,152

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$332,185.74
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