Updated Oct 28, 2024
Tower 16 Capital Partners Acquires Glendale Multifamily For $30.4M
66112 North 67th Avenue, Glendale, AZ 85301
$30,400,000
$251/SF
Building Size
120,800 SF
Asset Type
MultiFamily
Closing
Dec 16, 2021
About this deal
AI
The property involved in the transaction is a multifamily asset located at 66112 North 67th Avenue in Glendale, AZ. The sale took place on December 16, 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $30,400,000
- Units: 160
- Price Per Unit: $190,000
- Total Square Footage: 120,800
- Price Per Square Foot: $251
- Market: Glendale, AZ
Tower 16 Capital Partners, represented by Mike Farley and Tyler Pruett, acquired the property. The buyer was assisted by brokers Jesse Hudson, Trevor Koskovich, and Bill Hahn.
On the Map
$30,400,000
$251/SF
MultiFamily
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Players
Glendale 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
0.52%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93