Updated Oct 28, 2024
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
Units
320
Asset Type
MultiFamily
Closing
Oct 5, 2022
About this deal
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.
The multifamily sale at 6231 West Mcdowell Road, Phoenix, Arizona 85035, United States in Phoenix, Arizona sold for $73.3M in 2022. Reported inventory is 320 units across 320 units. This page is the Phoenix, Arizona file for the 6231 West Mcdowell Road, Phoenix, Arizona 85035, 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 6231 West Mcdowell Road, Phoenix, Arizona 85035, United States around 2022. Published consideration for 6231 West Mcdowell Road, Phoenix, Arizona 85035, United States is $73.3M, dated 2022. Cite this SB Real Estate Partners Acquires 320-Unit Multifamily Property In Phoenix For $73.3M sale when underwriting similar multifamily product around Phoenix, Arizona.
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Phoenix MultiFamily Market Snapshot
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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