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804 East 10th Street

Updated Dec 4, 2024

Cushman & Wakefield Facilitates $1.6M Sale Of 10th Street Apartments In Tucson With 804 E 10th LLC Acquiring The Property
SOLDMultiFamily

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

Allan Mendelsberg

Cushman & Wakefield

Broker

$29.3M

vol

9 deals

Broker

Tucson MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $43 per square foot on a published $1.6M for 36,720 square feet (2023).

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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

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