Rise48 Equity Acquires 352-Unit Multifamily Property In Glendale, AZ For $56.1M
7102 N 43rd Ave, Glendale, AZ, USA
$56,100,000
$11,335/SF
Building Size
4,949 SF
Asset Type
MultiFamily
Closing
Oct 13, 2021
AI
An multifamily property located at 7102 N 43rd Ave in Glendale, AZ has been sold in a closed transaction. The property consists of 352 units and was sold for a total price of $56,100,000, resulting in a price per unit of $159,375.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $56,100,000
- Address: 7102 N 43rd Ave, Glendale, AZ
- Market: Glendale, AZ
- Buyer: Rise48 Equity - Zach Haptonstall
- Seller: Sundance Bay LLC - Ryan Baughman
- Units: 352
- Price per Unit: $159,375
The buyer, Rise48 Equity, represented by Zach Haptonstall, acquired the property from the seller, Sundance Bay LLC, represented by Ryan Baughman.
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