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5008 East Thomas Road, Phoe...

Odyssey Properties Group Acquires Multifamily Property In Phoenix, AZ For $37.25M
SOLDMultiFamily

Odyssey Properties Group Acquires Multifamily Property In Phoenix, AZ For $37.25M

5008 East Thomas Road, Phoenix, Arizona 85018, United States

$37,250,000

Building Size

Asset Type

MultiFamily

Closing

Oct 13, 2022

AI

The multifamily property located at 5008 E Thomas Rd in Phoenix, AZ has been sold for a total price of $37,250,000. The property consists of 155 units, resulting in a per unit price of $240,323.

Summary of Transaction Details:

  • Property Type: Multifamily
  • Transaction Amount: $37,250,000
  • Units: 155
  • Price Per Unit: $240,323
  • Address: 5008 E Thomas Rd, Phoenix, AZ
  • Market: Phoenix, AZ

The buyer of the property is Odyssey Properties Group, represented by Derek Graham.

Players

Derek Graham

Odyssey Properties Group

Buyer

$90.3M

vol

2 deals

Buyer

Phoenix 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

0.43%

Cash-on-Cash

-0.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93