SB Real Estate Partners Acquires 320-Unit Multifamily Property In Phoenix For $73.3M
6231 West Mcdowell Road, Phoenix, Arizona 85035, United States
$73,300,000
Building Size
—
Asset Type
MultiFamily
Closing
Oct 5, 2022
AI
The multifamily property located at 6231 West McDowell Road in Phoenix, AZ is currently under contract for sale. The transaction date is set for 10/06/2022. The property consists of 320 units, with an average price per unit (PPU) of $229,063. The sale price for the property is $73,300,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $73,300,000
- Units: 320
- Price Per Unit: $229,063
The buyer in this transaction is SB Real Estate Partners.
Players
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
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93