Updated Dec 4, 2024
KKR Sells 272-Unit Multifamily Property In Tempe, AZ For $68.5M
4839 South Darrow Drive, Tempe, Arizona 85282, United States
$68,500,000
Units
272
Asset Type
MultiFamily
Closing
Sep 21, 2022
About this deal
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.
On the Map
$68,500,000
MultiFamily
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Players
Tempe 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
0.23%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93