Updated Oct 28, 2024
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.
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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