KKR Sells 272-Unit Multifamily Property In Tempe, AZ For $68.5M
SOLD
$68,500,000
Arizona
See Similar DealsMultiFamily
Sold 09/22/2022
SOLD
KKR Sells 272-Unit Multifamily Property In Tempe, AZ For $68.5M
4839 South Darrow Drive, Tempe, Arizona 85282, United States
See Similar DealsMultiFamily
Sold 09/22/2022
Summary
ARIZONA
Asset Type:MultiFamily
Transaction Type:Sale
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
SELLER
LENDER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,653,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$243,366.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$324,724.95
Annual Debt Service$3,896,699.36
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