Updated Dec 4, 2024
Tides Equities Acquires Multifamily Property In Mesa, Phoenix For $83M
901 South Country Club Drive, Mesa, AZ, USA
$83,000,000
$261/SF
Building Size
318,042 SF
Asset Type
MultiFamily
Closing
Nov 2, 2020
About this deal
AI
This multifamily property located at 901 S Country Club Dr in Mesa, Phoenix, AZ was recently sold in a closed transaction. The sale took place on 11/03/2020.
Summary of Transaction Details
- Property Type: Multifamily
- Sale Price: $83,000,000
- Square Footage: 318,042
- Price per Square Foot: $260
- Number of Units: 582
- Price per Unit: $142,611
- Buyer: @TidesEquities
- Seller: Investcorp
- Broker: Matt Pesch - CBRE
The property, consisting of 582 units, was sold for a total of $83,000,000, resulting in a price per square foot of $260. With a total area of 318,042 square feet, the property offers ample space for tenants. The buyer of the property was @TidesEquities, while the seller was Investcorp. Representing the deal was Matt Pesch from CBRE.
Players
Mesa 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
0.19%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93