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6801 West Ocotillo Road

Updated Oct 28, 2024

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

188,312 SF

Asset Type

MultiFamily

Closing

Aug 24, 2022

About this deal

AI

No summary available.

The multifamily sale at 6801 West Ocotillo Road in Glendale, Arizona sold for $56.4M in 2022. Reported inventory is 376,624 square feet across 232 units, or about 149 per square foot. Jesse Hudson, Noam Franklin, Cody Kirkpatrick, Chinmay Bhatt appear on the sale alongside NorthMarq, Berkadia. This page is the Glendale, Arizona file for the 6801 West Ocotillo Road multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Glendale sit in the Market section below. Filter that Glendale multifamily set by closing date to see what else sold near 6801 West Ocotillo Road around 2022. Published consideration for 6801 West Ocotillo Road is $56.4M, dated 2022. Cite this SB Real Estate Partners Acquires Multifamily Property In Glendale, AZ For $56.4M sale when underwriting similar multifamily product around Glendale, Arizona.

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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Deal FAQ

About $149 per square foot on a published $56.4M for 376,624 square feet (2022).

Visit Jesse Hudson to view all their deals.

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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

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