FSO Capital Partners Acquires Multifamily Property In Apache Junction, AZ For $44.5M
SOLD
$44,500,000
+ 1
Arizona
See Similar DealsMultiFamily176,000 SF
Sold 08/18/2022
SOLD
FSO Capital Partners Acquires Multifamily Property In Apache Junction, AZ For $44.5M
975 South Royal Palm Road, Apache Junction, Arizona 85119, United States
See Similar DealsMultiFamily176,000 SF
Sold 08/18/2022
+ 1
Summary
ARIZONA
Asset Type:MultiFamily
Price Per Square Foot:$252
Total Square Footage:176,000 SF
Transaction Type:Sale
The recent closed property transaction in Apache Junction, AZ involved a multifamily asset located at 975 S Royal Palm Rd. The property spans 9.9 acres and has a total square footage of 176,000. The transaction took place on 08/18/2022 and the property was sold by Sonoma Valley LLC to FSO Capital Partners for a sale price of $44,500,000, equating to a price per square foot of $253.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $44,500,000
- Address: 975 S Royal Palm Rd
- Market: Apache Junction, AZ
- Square Footage: 176,000
- Acres: 9.9
The deal was facilitated by Trevor Koskovich, Jesse Hudson, Bill Hahn, and Ryan Boyle from Northmarq, representing the buyer and seller in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,373,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$158,099.11
Cash-on-Cash Return-1.27%
Monthly Debt Service$210,952.70
Annual Debt Service$2,531,432.43
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