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
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
0.45%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93