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750 East Irvington Road, Tu...

Updated Oct 28, 2024

Next Round Asset Management Acquires Multifamily Property In Tucson For $28M
SOLDMultiFamily

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

About this deal

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.

The multifamily sale at 750 East Irvington Road, Tucson, Arizona 85706, United States in Tucson, Arizona sold for $28M in 2022. 750 East Irvington Road, Tucson, Arizona 85706, United States is classified as Multifamily on Traded. Ryan Boyle, Trevor Koskovich, Jesse Hudson, Bill Hahn appear on the sale alongside NorthMarq. This page is the Tucson, Arizona file for the 750 East Irvington Road, Tucson, Arizona 85706, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Tucson sit in the Market section below. Filter that Tucson multifamily set by closing date to see what else sold near 750 East Irvington Road, Tucson, Arizona 85706, United States around 2022. Published consideration for 750 East Irvington Road, Tucson, Arizona 85706, United States is $28M, dated 2022. Cite this Next Round Asset Management Acquires Multifamily Property In Tucson For $28M sale when underwriting similar multifamily product around Tucson, Arizona.

Players

Jesse Hudson

NorthMarq

Broker

$564.1M

vol

15 deals

Broker
AndMark Management Company
AndMark Management CompanySeller

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

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