KKR Sells 272-Unit Multifamily Property In Tempe, AZ For $68.5M
4839 South Darrow Drive, Tempe, Arizona 85282, United States
$68,500,000
Building Size
—
Asset Type
MultiFamily
Closing
Sep 21, 2022
AI
The multifamily property located at 4839 S Darrow Dr in Tempe, AZ has been sold for a total of $68,500,000. The property consists of 272 units, resulting in a price per unit of $251,838.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $68,500,000
- Address: 4839 S Darrow Dr, Tempe, AZ
- Market: Tempe, AZ
- Seller: KKR
- Brokers: Brad Goff, Brett Polachek, and Chris Canter - Newmark
- Units: 272
- Price Per Unit: $251,838
The sale was facilitated by brokers Brad Goff, Brett Polachek, and Chris Canter from Newmark. They represented the seller, KKR, in the transaction.
Players
Tempe MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.23%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93