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Twenty Lofts On Tenth LLC Acquires Alamo Apartments In Tucson For $2M
SOLD
$2,000,000
Arizona
See Similar DealsMultiFamily11,189 SF
Sold 03/26/2024
SOLD
Twenty Lofts On Tenth LLC Acquires Alamo Apartments In Tucson For $2M
824 East 10th Street
See Similar DealsMultiFamily11,189 SF
Sold 03/26/2024
Summary
ARIZONA
Asset Type:MultiFamily
Price Per Square Foot:$178
Total Square Footage:11,189 SF
Transaction Type:Sale
The Alamo Apartments, located at 824 East 10th Street in Tucson, AZ, were sold for $2,000,000. This multifamily property spans 11,189 square feet, resulting in a price per square foot of $179.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $2,000,000
- Address: 824 East 10th Street
- Market: Tucson, AZ
- Brokers: Allan Mendelsberg & Joey Martinez - Cushman & Wakefield
Cushman & Wakefield | PICOR played a crucial role in facilitating the sale of Alamo Apartments as Twenty Lofts on Tenth LLC acquired the property from Euclid 35 LLC. Allan Mendelsberg and Joey Martinez from Cushman & Wakefield represented the parties in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$106,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,105.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,481.02
Annual Debt Service$113,772.24
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