CBRE Brokers $15.68M Multifamily Sale In Phoenix, AZ
SOLD
$9,000,000
+ 3
Arizona
See Similar DealsMultiFamily
Sold 08/15/2022
SOLD
CBRE Brokers $15.68M Multifamily Sale In Phoenix, AZ
4750 North 28th Street, Phoenix, Arizona 85016, United States
See Similar DealsMultiFamily
Sold 08/15/2022
+ 3
Summary
ARIZONA
Asset Type:MultiFamily
Transaction Type:Sale
A multifamily property located at 4750 N 28th St & 3432 N 12th Pl in Phoenix, AZ has been sold for $15,680,000. The property features multiple residential units and is situated in the Phoenix market.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $15,680,000
- Address: 4750 N 28th St & 3432 N 12th Pl, Phoenix, AZ
- Market: Phoenix, AZ
The sale was facilitated by Derek Smigiel from CBRE, who served as the broker in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$480,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$31,975.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$42,664.59
Annual Debt Service$511,975.10
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