Updated Aug 13, 2026
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
About this deal
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.
On the Map
$37,500,000
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
0.42%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93