LM67 LLC Acquires Landmark On 67th Multifamily Property In Glendale, AZ For $16.2M
$16,200,000
Building Size
—
Asset Type
MultiFamily
Closing
Oct 5, 2023
AI
CBRE facilitated the sale of Landmark on 67th, a Class A apartment community in Peoria, AZ. The property, located at 9160 N 67th Ave, was sold by RET3 LLC to LM67 LLC for $16.2 million. This equates to a price of $289,857 per unit.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $16,200,000
- Address: 9160 N 67th Ave, Glendale, AZ
- Market: Glendale, AZ
The sale was brokered by Brian Smuckler, Bryson Fricke, Derek Smigiel, and Jeff Seaman of CBRE. They played a crucial role in connecting the buyer, LM67 LLC, with the seller, RET3 LLC, and ensuring a successful transaction.
Players
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.98%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93