Davlyn Investments Acquires Multifamily Property In Chandler, Ariz. For $114.4M
635 South Ellis Street, Chandler, Arizona 85224, United States
$114,400,000
$355/SF
Building Size
321,964 SF
Asset Type
MultiFamily
Closing
Dec 21, 2021
AI
The multifamily property located at 635 South Ellis St in Chandler, Arizona has been sold in a recent transaction. The property consists of 290 units and was sold for a total price of $114,400,000, resulting in a per unit price of $394,482. The sale was facilitated by JLL Capital Markets, acting as the broker in the deal. The buyer, Davlyn Investments, was represented by Jon D. Williams.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $114,400,000
- Address: 635 South Ellis St, Chandler, Arizona
- Market: Chandler, Arizona
- Units: 290
- Seller: TruAmerica Multifamily
- Broker: JLL Capital Markets
Jon D. Williams, representing Davlyn Investments, played a key role in the transaction as the buyer's representative. The sale of this multifamily property in Chandler, Arizona highlights the ongoing activity and investment interest in the local real estate market.
Players
Chandler 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
0.14%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93