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7730 East Broadway Boulevard

Break Of Day Capital Acquires 300-Unit River Oaks Apartment Community In Tucson For $33 Million
SOLDMultiFamily

Break Of Day Capital Acquires 300-Unit River Oaks Apartment Community In Tucson For $33 Million

7730 East Broadway Boulevard

$33,000,000

Units

300

Asset Type

MultiFamily

Closing

May 12, 2026

AI

The transaction involves a multifamily asset located at 7730 East Broadway Boulevard, Tucson, AZ. The property, known as River Oaks, consists of 300 residential units and was built in 1982. The total sale price for the asset was $33 million, which equates to $110,000 per unit.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $33,000,000
  • Units: 300
  • Price Per Unit: $110,000
  • Buyer: Break of Day Capital
  • Seller: Affiliate of Stoneweg
  • Transaction Date: 05/12/2026
  • Market: Tucson, AZ

Break of Day Capital is the buyer in this transaction, acquiring the property from an affiliate of Stoneweg. The acquisition of the River Oaks apartment community reflects Break of Day Capital's investment strategy in multifamily real estate assets.

Players

Break of Day Capital
Break of Day CapitalBuyer

Market 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

0.48%

Cash-on-Cash

-0.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93