Harbor Group International LLC Sells Scottsdale Multifamily For $96.3M
SOLD
$96,300,000
Arizona
See Similar DealsMultiFamily417,986 SF
Sold 10/12/2021
SOLD
Harbor Group International LLC Sells Scottsdale Multifamily For $96.3M
9320 East Vía de Ventura, Scottsdale, AZ 85258, USA
See Similar DealsMultiFamily417,986 SF
Sold 10/12/2021
Summary
ARIZONA
Asset Type:MultiFamily
Price Per Square Foot:$230
Total Square Footage:417,986 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$5,136,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$342,133.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$456,511.13
Annual Debt Service$5,478,133.56
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