Updated Dec 18, 2023
ABI Multifamily Brokers Facilitate $37M Sale Of 199-Unit Multifamily Property In Tucson, AZ
6534 E Stella Rd, Tucson, Arizona 85730, United States
$37,000,000
Units
199
Asset Type
MultiFamily
Closing
Sep 1, 2022
About this deal
AI
The multifamily property located at 6534 E Stella Rd in Tucson, AZ has been sold in a closed transaction. The property consists of 199 residential units, with the sale price amounting to $37,000,000. This translates to a per unit price of $185,930.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $37,000,000
- Units: 199
- Price Per Unit (PPU): $185,930
The sale of this multifamily property was facilitated by the brokers Alon Shnitzer, Rue Bax, Eddie Chang, Doug Lazovich, Desiree Palmer, and Ryan Kippes from ABI Multifamily.
On the Map
$37,000,000
MultiFamily
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Players
Tucson 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
0.43%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93