SOLDMultiFamily
Greenwater Acquires 459-unit Multifamily In Tucson For $65.15M
4415 East Grant Road
$65,150,000
Units
459
Asset Type
MultiFamily
Closing
Oct 25, 2022
AI
The multifamily property located at 3535 North 1st Ave & 4415 East Grant Road in Tucson, Ariz has been sold in a recent transaction. The property consists of 459 units and was sold for a total price of $65,150,000, with a price per unit (PPU) of $141,939.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $65,150,000
- Units: 459
- Price Per Unit: $141,939
- Address: 3535 North 1st Ave & 4415 East Grant Road, Tucson, Ariz
- Buyer: Greenwater
- Seller: Tower 16 Capital Partners
The buyer in this transaction is Greenwater, while the seller is Tower 16 Capital Partners.
Players
G
GreenwaterBuyer
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
0.24%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93