facebook
Traded Co logo
Submit

SB Real Estate Partners Acquires 320-Unit Multifamily Property In Phoenix For $73.3M

Property Image
SOLD
$73,300,000

Arizona

See Similar Deals
MultiFamily
Sold 10/06/2022
the dealdetailscomps
Property Image
SOLD

SB Real Estate Partners Acquires 320-Unit Multifamily Property In Phoenix For $73.3M

6231 West Mcdowell Road, Phoenix, Arizona 85035, United States

See Similar Deals
MultiFamily
Sold 10/06/2022
the dealdetailscomps

Summary

ARIZONA
Asset Type:MultiFamily
Transaction Type:Sale

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

SB Real Estate Partners
SB Real Estate Partners
BUYER

Details

SOLD
IMAGE: - UNDER CONTRACT DATE: 10/06/2022 ADDRESS: 6231 West McDowell Road MARKET: Phoenix, AZ ASSET TYPE: Multifamily BUYER: SB Real Estate Partners SALE PRICE: $73,300,000 UNITS: 320 ~ PPU: $229,063

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$3,909,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$260,419.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$347,479.40
Annual Debt Service$4,169,752.75