WND Acquires Multifamily Property In Maryvale, Phoenix For $32.1M
4903 West Thomas Road, Phoenix, Arizona 85031, United States
$32,100,000
Building Size
—
Asset Type
MultiFamily
Closing
Jun 7, 2022
AI
An multifamily property located at 4903 W. Thomas Rd. in Maryvale, Phoenix, AZ was recently sold for a price of $32,100,000. The property consists of 180 units, with a per unit price of $178,333. The transaction took place on 06/08/2022 and the sale was facilitated by the buyer, WND, and the seller, Tower 16 Capital Partners represented by Mike Farley and Tyler Pruett.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $32,100,000
- Address: 4903 W. Thomas Rd., Maryvale, Phoenix, AZ
- Units: 180
- Price per Unit: $178,333
- Buyer: WND
- Seller: Tower 16 Capital Partners - Mike Farley & Tyler Pruett
- Brokers: Ric Holway & Dan Cheyne - Berkadia Phoenix
Ric Holway and Dan Cheyne from Berkadia Phoenix served as the brokers in this transaction, representing the buyer and seller respectively. The sale of this multifamily property in Maryvale, Phoenix, AZ marks a significant deal in the local real estate market.
Players
Phoenix 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
0.49%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93