Updated Oct 28, 2024
FSO Capital Partners Acquires Multifamily Property In Apache Junction, AZ For $44.5M
975 South Royal Palm Road, Apache Junction, Arizona 85119, United States
$44,500,000
$252/SF
Building Size
176,000 SF
Asset Type
MultiFamily
Closing
Aug 17, 2022
About this deal
AI
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.
On the Map
$44,500,000
$252/SF
MultiFamily
View full map
Players
Apache Junction MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Ryan Boyle to view all their deals.
Browse Arizona multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.36%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93