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Tyler Pruett Of Tower 16 Capital Partners Acquires 167-Unit Yardly McDowell For $46.5M

Property Image
SOLD
$46,500,000
Trevor Koskovich
Jesse Hudson

Arizona

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MultiFamily
Sold 01/09/2025
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Property Image
SOLD

Tyler Pruett Of Tower 16 Capital Partners Acquires 167-Unit Yardly McDowell For $46.5M

North 91st Avenue

See Similar Deals
MultiFamily
Sold 01/09/2025
Trevor Koskovich
Jesse Hudson
the dealplayerscompscontact
Contact now

Summary

ARIZONA
Asset Type:MultiFamily
Transaction Type:Sale

The transaction involves a multifamily property located at North 91st Avenue & McDowell Road in the Maryvale Village market of Arizona. Tower 16 Capital Partners acquired the asset for $46.5 million, which features a total of 167 units. The price per unit (PPU) for this build-to-rent property is approximately $278,443.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $46,500,000
  • Units: 167
  • Price Per Unit: $278,443
  • Buyer: Tyler Pruett - Tower 16 Capital Partners
  • Brokers: Jesse Hudson & Trevor Koskovich - NorthMarq
  • Note: Tower 16 Capital Partners acquired Yardly McDowell, marking its 12th Arizona acquisition and ninth in the Phoenix market.

The deal was facilitated by brokers Jesse Hudson and Trevor Koskovich, representing NorthMarq. This acquisition represents a continued investment trend in the Phoenix market, reflecting Tower 16 Capital Partners' strategy in securing property in the region.

Players

Jesse Hudson
NorthMarq
Jesse Hudson
15 deals$564.1M volume
BROKER
Trevor Koskovich
NorthMarq
Trevor Koskovich
17 deals$704.1M volume
BROKER

Details

SOLD
IMAGE: 01/09/2025 ADDRESS: North 91st Avenue & McDowell Road MARKET: Maryvale Village, AZ ASSET TYPE: Multifamily BUYER: Tyler Pruett - Tower 16 Capital Partners BROKERS: Jesse Hudson & Trevor Koskovich - NorthMarq SALE PRICE: $46,500,000 UNITS: 167 ~ PPU: $278,443 NOTE: Tower 16 Capital Partners acquired Yardly McDowell, a 167-unit build-to-rent property in Phoenix's West Valley, for $46.5M, marking its 12th Arizona acquisition and ninth in the Phoenix market.

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Deal Type
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Net Operating Income (NOI)

$2,479,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$165,204.68
Cash-on-Cash Return-1.27%
Monthly Debt Service$220,433.72
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