Updated Sep 17, 2025
HSL Properties Acquires 204-Unit Apartment Complex The Vintage In Tucson For $24.45M
8225 East Speedway Boulevard
$24,450,000
Units
204
Asset Type
MultiFamily
Closing
Sep 16, 2025
About this deal
AI
The Vintage is a multi-family property located at 8225 East Speedway Boulevard in Tucson, AZ. It encompasses 204 units and was acquired by HSL Properties for a total price of $24.45 million, translating to approximately $119,853 per unit. The transaction included HSL Properties assuming an existing Freddie Mac loan valued at $12.32 million.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $24,450,000
- Buyer: HSL Properties
- Seller: Rincon Partners
- Broker: Institutional Property Advisors
- Units: 204
- Price Per Unit: $119,853
The sale occurred on September 16, 2025, with Institutional Property Advisors facilitating the transaction. This deal highlights the ongoing activity in the Tucson real estate market.
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
0.65%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93