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8150 North La Cholla Blvd.

Olympus Property Purchases 156 Unit Multifamily Asset At 8150 North La Cholla Blvd For $37.5M
SOLDMultiFamily

Olympus Property Purchases 156 Unit Multifamily Asset At 8150 North La Cholla Blvd For $37.5M

8150 North La Cholla Blvd.

$37,500,000

Units

156

Asset Type

MultiFamily

Closing

Jun 27, 2025

AI

The transaction involves a multi-family property located at 8150 North La Cholla Blvd., Tucson, AZ, comprising a total of 156 units. The asset was sold for $37,500,000.00.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $37,500,000.00
  • Sale Date: 06/27/2025
  • Buyer: Olympus Property
  • Address: 8150 North La Cholla Blvd.
  • Market: Tucson, AZ
  • Units: 156

Olympus Property is the buyer in this transaction, indicating a strategic acquisition in the Tucson market. The details regarding the negotiation process or the parties involved in representing them are not specified.

Players

Marcus & Millichap
Marcus & MillichapBrokerage
Olympus Property
Olympus PropertyBuyer

Tucson 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

0.42%

Cash-on-Cash

-0.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93