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6250 South 15th Way, Phoeni...

Carlyle Acquires 72-Unit Multifamily Property In Phoenix, AZ For $35.4M
SOLDMultiFamily

Carlyle Acquires 72-Unit Multifamily Property In Phoenix, AZ For $35.4M

6250 South 15th Way, Phoenix, Arizona 85042, United States

$35,400,000

Units

72

Asset Type

MultiFamily

Closing

Oct 12, 2022

AI

The multifamily property located at 6250 S 15th Way in Phoenix, AZ was recently sold in a transaction on October 13, 2022. The property, consisting of 72 units, was purchased by Carlyle for a sale price of $35,400,000, equating to an average price per unit of $491,667. The seller in the deal was Curve Development, while the transaction was facilitated by the brokerage firm Northmarq.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $35,400,000
  • Units: 72
  • Price per Unit: $491,667
  • Address: 6250 S 15th Way, Phoenix, AZ

This transaction showcases the successful collaboration between Carlyle as the buyer and Curve Development as the seller. The brokerage firm, Northmarq, played a crucial role in facilitating the deal. With 72 units in total, the multifamily property offers a significant investment opportunity in the Phoenix, AZ market.

Players

Carlyle Group
Carlyle GroupBuyer

Phoenix MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.45%

Cash-on-Cash

-0.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93