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6801 West Ocotillo Road

SB Real Estate Partners Acquires Multifamily Property In Glendale, AZ For $56.4M
SOLDMultiFamily

SB Real Estate Partners Acquires Multifamily Property In Glendale, AZ For $56.4M

6801 West Ocotillo Road & 6801 West Ocotillo Road, Glendale, Arizona 85303, United States

$56,400,000

$149/SF

Building Size

376,624 SF

Asset Type

MultiFamily

Closing

Aug 24, 2022

AI

No summary available.

Players

Noam Franklin

Berkadia

Broker

$780.2M

vol

20 deals

Broker
SB Real Estate Partners
SB Real Estate PartnersBuyer
Tyler Pruett

Tyler Pruett

Tower 16 Capital Partners

Seller

$498.4M

vol

11 deals

Seller
Freddie Mac
Freddie MacLender

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

0.28%

Cash-on-Cash

-0.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93