Updated Oct 28, 2024
Greenlight Communities Sells Multifamily Property In Mesa, AZ For $84M With Broker Steve Gebing & Cliff David
6151 South Power Road, Mesa, Arizona 85212, United States
$84,000,000
Units
244
Asset Type
MultiFamily
Closing
Jun 6, 2022
About this deal
AI
The multifamily property located at 6151 S Power Rd in Mesa, AZ was recently sold for a total price of $84,000,000. The property consists of 244 units, with an average price per unit of $344,262.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $84,000,000
- Units: 244
- Price Per Unit: $344,262
The seller of the property was Greenlight Communities. The sale was facilitated by Steve Gebing and Cliff David from Institutional Property Advisors. They represented the seller in this transaction.
On the Map
$84,000,000
MultiFamily
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Players
Mesa 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
0.19%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93