Next Round Asset Management Acquires Multifamily Property In Tucson For $28M
SOLD
$28,000,000
+ 1
Arizona
See Similar DealsMultiFamily
Sold 06/23/2022
SOLD
Next Round Asset Management Acquires Multifamily Property In Tucson For $28M
750 East Irvington Road, Tucson, Arizona 85706, United States
See Similar DealsMultiFamily
Sold 06/23/2022
+ 1
Summary
ARIZONA
Asset Type:MultiFamily
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,493,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$99,478.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$132,734.28
Annual Debt Service$1,592,811.42
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