Updated Mar 11, 2025
Bridge Investment Group Acquires Desert Valley Oasis Multifamily For $20M
9421 East Main Street Mesa, Arizona 85207, USA
$20,000,000
Units
188
Asset Type
MultiFamily
Closing
Jun 22, 2023
About this deal
AI
Desert Valley Oasis, a multifamily property located at 9421 E Main St in Mesa, AZ, has been sold for $20 million. The property consists of 188 units, translating to a price per unit of $106,383.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $20,000,000
- Units: 188
- Price Per Unit: $106,383
- Date: 06/22/2023
- Market: Mesa, AZ
Bridge Investment Group acquired Desert Valley Oasis from Comfort Communities for $20 million. The sale was facilitated by John Sheedy, a representative from Park Brokerage & Commercial LLC, who acted as the seller's broker.
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
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93