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ABI Multifamily Brokers Facilitate $37M Sale Of 199-Unit Multifamily Property In Tucson, AZ

Property Image
SOLD
$37,000,000
Ryan Kippes
Desiree Palmer
Rue Bax
+ 3

Arizona

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MultiFamily
Sold 09/02/2022
the dealplayerscompscontact
Property Image
SOLD

ABI Multifamily Brokers Facilitate $37M Sale Of 199-Unit Multifamily Property In Tucson, AZ

6534 E Stella Rd, Tucson, Arizona 85730, United States

See Similar Deals
MultiFamily
Sold 09/02/2022
Ryan Kippes
Desiree Palmer
Rue Bax
+ 3
the dealplayerscompscontact
Contact now

Summary

ARIZONA
Asset Type:MultiFamily
Transaction Type:Sale

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.

Players

Alon Shnitzer
Alon Shnitzer
8 deals$277.1M volume
BROKER
Rue Bax
Rue Bax
8 deals$284.8M volume
BROKER
Eddie Chang
ABI Multifamily
Eddie Chang
8 deals$284.8M volume
BROKER
Doug Lazovick
ABI Multifamily
Doug Lazovick
8 deals$284.8M volume
BROKER
Desiree Palmer
ABI Multifamily
Desiree Palmer
2 deals$59.3M volume
BROKER
Ryan Kippes
ABI Multifamily
Ryan Kippes
2 deals$59.3M volume
BROKER

Details

SOLD
IMAGE: Rue Bax, Alon Shnitzer, Eddie Chang, Desiree Palmer and Ryan Kippes DATE: 09/02/2022 ADDRESS: 6534 E Stella Rd MARKET: Tucson, AZ ASSET TYPE: Multifamily BROKERS: Alon Shnitzer, Rue Bax, Eddie Chang, Doug Lazovich, Desiree Palmer & Ryan Kippes - ABI Multifamily SALE PRICE: $37,000,000 UNITS: 199 ~ PPU: $185,930

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,973,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$131,453.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$175,398.88
Annual Debt Service$2,104,786.52