Bridge Founders Group, LLC Acquires 85-Unit Multifamily In Phoenix, AZ For $30.1M
SOLD
$30,100,000
+ 1
Arizona
See Similar DealsMultiFamily
Sold 10/05/2022
SOLD
Bridge Founders Group, LLC Acquires 85-Unit Multifamily In Phoenix, AZ For $30.1M
7450 South 16th Street, Phoenix, Arizona 85040, United States
See Similar DealsMultiFamily
Sold 10/05/2022
+ 1
Summary
ARIZONA
Asset Type:MultiFamily
Transaction Type:Sale
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.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,605,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$106,938.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$142,689.36
Annual Debt Service$1,712,272.28
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