Harbor Group International LLC Sells Scottsdale Multifamily For $96.3M
9320 East Vía de Ventura, Scottsdale, AZ 85258, USA
$96,300,000
$230/SF
Building Size
417,986 SF
Asset Type
MultiFamily
Closing
Oct 12, 2021
AI
A multifamily property located at 8375 East Vía de Ventura in Scottsdale, AZ has been sold in a recent transaction. The property consists of 329 units and was sold for a price of $96,300,000, resulting in a per-unit price of $292,705.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $96,300,000
- Units: 329
- Price Per Unit: $292,705
The seller of the property was Harbor Group International LLC, represented by T. Richard Litton. The sale was facilitated by the brokerage firm CBRE.
Scottsdale 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
0.16%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93