Updated Oct 30, 2026
Omar Mireles Of HSL Properties Acquires 180-Unit Luma Apartments In Tucson For $31.85M
2600 West Ina Road
$31,850,000
Units
180
Asset Type
MultiFamily
Closing
Oct 30, 2026
About this deal
AI
The asset involved in the transaction is Luma Apartments, a multifamily property located at 2600 West Ina Road in Tucson, Arizona. The sale price for this 180-unit community, which occupies 16.33 acres, was $31.85 million, translating to a price per unit of approximately $176,944. The property consists of 21 two-story buildings and was originally built in 1985.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $31,850,000
- Units: 180
- Price per Unit: $176,944
- Address: 2600 West Ina Road
- Market: Tucson, AZ
The buyer of the property is Omar Mireles affiliated with HSL Properties, while the seller is Village at The Foothills Owner LLC, which is linked to MC Residential. The sale was brokered by Clint Wadlund and Hamid Panahi from Institutional Property Advisors, representing the seller in the transaction.
On the Map
$31,850,000
MultiFamily
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Tucson MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.50%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93