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152 N 56th St, Mesa, AZ, USA

ABI Multifamily Brokers Sell Senior Housing Property In Mesa, AZ For $3.8M
SOLDOther

ABI Multifamily Brokers Sell Senior Housing Property In Mesa, AZ For $3.8M

152 N 56th St, Mesa, AZ, USA

$3,800,000

$61/SF

Building Size

61,969 SF

Asset Type

Other

Closing

Oct 26, 2021

AI

The senior housing property located at 152 N 56th St in Mesa, AZ has been sold for $3,800,000. The transaction took place on 10/26/2021. The property consists of 78 units with an average price per unit of $48,718. It spans a total area of approximately 61,969 square feet, resulting in a price per square foot of $61.32.

Summary of transaction details

  • Property Type: Senior Housing
  • Transaction Amount: $3,800,000
  • Units: 78
  • Price per Unit: $48,718
  • Square Footage: 61,969
  • Price per Square Foot: $61.32
  • Address: 152 N 56th St, Mesa, AZ
  • Market: Mesa, AZ

The sale of this senior housing property was facilitated by Carson Griesemer, Dallin Hammond, and Mitchell Drake from ABI Multifamily.

Players

Carson Griesemer

ABI Multifamily

Broker

$27.1M

vol

5 deals

Broker

Mesa Other Market Snapshot

Boundary boundary · Other · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.17%

Cash-on-Cash

-1.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93