Sunrise Multifamily Group Acquires 120-Unit Multifamily Property In Glendale, AZ For $25M
6816 West Bethany Home Road, Glendale, Arizona 85303, United States
$25,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Jan 12, 2022
AI
The multifamily property located at 6816 W Bethany Home Rd in Glendale, AZ has been sold in a transaction valued at $25,000,000. The property consists of 120 units, resulting in a price per unit of $208,333. The buyer of the property is Sunrise Multifamily Group, LLC, while the seller is 6816 W Bethany Home RD PCPRE, LLC.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $25,000,000
- Address: 6816 W Bethany Home Rd, Glendale, AZ
- Market: Glendale, AZ
- Buyer: Sunrise Multifamily Group, LLC
- Seller: 6816 W Bethany Home RD PCPRE, LLC
- Brokers: Trevor Koskovich, Bill Hahn, Jesse Hudson & Ryan Boyle - Northmarq
- Units: 120
- Price Per Unit: $208,333
Trevor Koskovich, Bill Hahn, Jesse Hudson, and Ryan Boyle from Northmarq represented the buyer and seller in this transaction.
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
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93