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635 South Ellis Street, Cha...

Davlyn Investments Acquires Multifamily Property In Chandler, Ariz. For $114.4M
SOLDMultiFamily

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

DI
Davlyn InvestmentsBuyer

Chandler 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

0.14%

Cash-on-Cash

-0.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93