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.
On the Map
$24,450,000
MultiFamily
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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