Updated Dec 4, 2024
Twenty Lofts On Tenth LLC Acquires Alamo Apartments In Tucson For $2M
824 East 10th Street
$2,000,000
$178/SF
Building Size
11,189 SF
Asset Type
MultiFamily
Closing
Mar 26, 2024
About this deal
AI
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.
On the Map
$2,000,000
$178/SF
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
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93