Updated Sep 9, 2024
Institutional Property Advisors Brokers $116M Sale Of 356-Unit Multifamily In Gilbert, AZ
445 East Germann Road, Gilbert, Arizona 85297, United States
$116,000,000
Units
356
Asset Type
MultiFamily
Closing
Jul 12, 2022
About this deal
AI
The multifamily property located at 445 E Germann Rd in Gilbert, AZ has been sold for a total price of $116,000,000. The property consists of 356 units, with a price per unit of $325,843.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $116,000,000
- Units: 356
- Price per Unit: $325,843
Leading the transaction was Steve Gebing from Institutional Property Advisors.
The multifamily sale at 445 East Germann Road, Gilbert, Arizona 85297, United States in Gilbert, Arizona sold for $116M in 2022. Reported inventory is 356 units across 356 units. Steve Gebing, Institutional Property Advisors appear on the sale alongside Institutional Property Advisors. This page is the Gilbert, Arizona file for the 445 East Germann Road, Gilbert, Arizona 85297, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Gilbert sit in the Market section below. Filter that Gilbert multifamily set by closing date to see what else sold near 445 East Germann Road, Gilbert, Arizona 85297, United States around 2022. Published consideration for 445 East Germann Road, Gilbert, Arizona 85297, United States is $116M, dated 2022. Cite this Institutional Property Advisors Brokers $116M Sale Of 356-Unit Multifamily In Gilbert, AZ sale when underwriting similar multifamily product around Gilbert, Arizona.
Gilbert 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
0.14%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93