Updated Sep 11, 2026
Harbor Group International Acquires Phoenix Multifamily Property For $80.75M
909 West Colter Street
$80,750,000
$315/SF
Building Size
256,000 SF
Asset Type
MultiFamily
Closing
Sep 14, 2022
About this deal
AI
The property involved in this transaction is a multifamily asset located at 909 W. Colter St., Phoenix, AZ. The sale price was $80,750,000, featuring 384 units and a total square footage of 256,000. The price per unit was calculated at $210,286, while the price per square foot stood at $315.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $80,750,000
- Units: 384
- Square Footage: 256,000
- Price Per Unit: $210,286
- Price Per Square Foot: $315
- Buyer: Harbor Group International - Jordan Slone
- Broker: Steven Vegh - Westwood Realty Associates
This transaction was facilitated by Steven Vegh, representing Westwood Realty Associates, acting on behalf of the buyer, Harbor Group International, led by Jordan Slone. The representation highlights the collaboration between the brokerage and the investment firm in this multifamily acquisition.
On the Map
$80,750,000
$315/SF
MultiFamily
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Players
Phoenix 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
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93