Bridge Founders Group, LLC Acquires 85-Unit Multifamily In Phoenix, AZ For $30.1M
7450 South 16th Street, Phoenix, Arizona 85040, United States
$30,100,000
Building Size
—
Asset Type
MultiFamily
Closing
Oct 4, 2022
AI
An 85-unit multifamily property located at 7450 S 16th St in Phoenix, AZ has been sold for a total price of $30,100,000. The property was acquired by Bridge Founders Group, LLC, with the transaction facilitated by Northmarq brokers Trevor Koskovich, Jesse Hudson, Bill Hahn, and Ryan Boyle.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $30,100,000
- Units: 85
- Price Per Unit: $354,118
Trevor Koskovich, Jesse Hudson, Bill Hahn, and Ryan Boyle from Northmarq played a key role as brokers in the transaction, representing Bridge Founders Group, LLC in the acquisition of the multifamily property.
Players
Phoenix 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
0.53%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93