Updated Dec 4, 2024
Cushman & Wakefield Facilitates $1.6M Sale Of 10th Street Apartments In Tucson With 804 E 10th LLC Acquiring The Property
804 East 10th Street, 814 East 10th Street, 858 East 10th Street & 870 East 10th Street
$1,600,000
$43/SF
Building Size
9,180 SF
Asset Type
MultiFamily
Closing
Dec 11, 2023
About this deal
AI
The 10th Street Apartments in Tucson, Arizona have been sold for a price of $1.6 million. The property, located at 804, 814, and 858-870 E. 10th St., consists of 12 apartments with a total square footage of 9,180. The sale price translates to approximately $133,333 per unit and $174 per square foot.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,600,000
- Units: 12
- Price per Unit: $133,333
- Square Footage: 9,180
- Price per Square Foot: $174
The sale of the 10th Street Apartments was facilitated by Cushman & Wakefield | PICOR. The buyer, 804 E 10th LLC, acquired the property from 10th Street 12 LLC. The transaction was represented by Allan Mendelsberg and Joey Martinez of Cushman & Wakefield | PICOR, who acted on behalf of both parties involved.
NOTE: Cushman & Wakefield | PICOR played a crucial role in the sale of 10th Street Apartments. The transaction involved the acquisition of the property by 804 E 10th LLC from 10th Street 12 LLC for $1.6 million. Allan Mendelsberg and Joey Martinez of Cushman & Wakefield | PICOR represented both the buyer and the seller in this deal.
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
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93