Updated Oct 28, 2024
Odyssey Properties Group Acquires Multifamily Property In Phoenix, AZ For $37.25M
5008 East Thomas Road, Phoenix, Arizona 85018, United States
$37,250,000
Units
155
Asset Type
MultiFamily
Closing
Oct 13, 2022
About this deal
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.
The multifamily sale at 5008 East Thomas Road, Phoenix, Arizona 85018, United States in Phoenix, Arizona sold for $37.3M in 2022. Reported inventory is 155 units across 155 units. Named participants on the 5008 East Thomas Road, Phoenix, Arizona 85018, United States sale are Derek Graham. This page is the Phoenix, Arizona file for the 5008 East Thomas Road, Phoenix, Arizona 85018, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Phoenix sit in the Market section below. Filter that Phoenix multifamily set by closing date to see what else sold near 5008 East Thomas Road, Phoenix, Arizona 85018, United States around 2022. Published consideration for 5008 East Thomas Road, Phoenix, Arizona 85018, United States is $37.3M, dated 2022. Cite this Odyssey Properties Group Acquires Multifamily Property In Phoenix, AZ For $37.25M sale when underwriting similar multifamily product around Phoenix, Arizona.
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