Next Round Asset Management Acquires Multifamily Property In Tucson For $28M
750 East Irvington Road, Tucson, Arizona 85706, United States
$28,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Jun 22, 2022
AI
The multifamily property located at 750 East Irvington Road in Tucson, AZ has been sold for a price of $28,000,000. The transaction took place on June 23, 2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $28,000,000
Next Round Asset Management, LLC purchased the property from AndMark Management Company. The brokers involved in the deal were Trevor Koskovich, Bill Hahn, Jesse Hudson, and Ryan Boyle from Northmarq.
Players
Tucson 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
0.57%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93