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.
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