Updated Mar 11, 2025
Bridge Investment Group Acquires Multifamily Portfolio In Tucson, AZ For $75.1M
8600 East Old Spanish Trail, Tucson, Arizona 85710, United States
$75,100,000
Units
566
Asset Type
MultiFamily
Closing
Nov 30, 2021
About this deal
AI
The multifamily property located at 8600 E Old Spanish Trail, 2800 Mission Rd, and 6340 S Santa Clara Ave in Tucson, AZ has been sold for a total of $75,100,000. The property consists of 566 units and was part of the recent transaction.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $75,100,000
- Units: 566
- Location: Tucson, AZ
The buyer in this transaction was Bridge Investment Group, while the seller was Monarch Investment and Management Group. The deal was facilitated by Hamid Panahi, Steve Gebing, and Cliff David from Institutional Property Advisors, a division of Marcus & Millichap.
On the Map
$75,100,000
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
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93