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6534 E Stella Rd, Tucson, A...

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

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

Building Size

Asset Type

MultiFamily

Closing

Sep 1, 2022

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.

Players

Alon Shnitzer

Broker

$277.1M

vol

8 deals

Broker

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