Taurus Investment Holdings Acquires Multifamily Property In Phoenix, AZ For $41.6M
6515 W McDowell Rd, Tonopah, AZ, USA
$41,630,000
$450/SF
Building Size
92,505 SF
Asset Type
MultiFamily
Closing
Nov 10, 2021
AI
A multifamily property located at 6515 W McDowell Rd in Phoenix, AZ was recently sold in a transaction facilitated by Peter Merrigan from Taurus Investment Holdings and David Sloan from Next Wave Investors. The sale took place on 11/10/2021, with the property consisting of 160 units.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $41,630,000
- Units: 160
- Price per unit (PPU): $260,188
- Market: Phoenix, AZ
Peter Merrigan from Taurus Investment Holdings represented the buyer in this transaction, while David Sloan represented Next Wave Investors as the seller.
Players
Tonopah 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
0.38%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93