Updated Dec 21, 2024
Hampton Meridian Sold In Apache Junction For $56.5 Million With Cliff David And Steve Gebing
3000 West Southern Avenue
$56,500,000
Units
195
Asset Type
Single Family Residence
Closing
Dec 18, 2024
About this deal
AI
The transaction involved Hampton Meridian, a build-to-rent community located at 3000 West Southern Avenue in Apache Junction, AZ. The asset consists of 195 units, with a price per unit of $289,744, culminating in a total sale price of $56,500,000.
Summary of transation details:
- Property Type: SFR
- Transaction Amount: $56,500,000
- Units: 195
- Price Per Unit: $289,744
- Date of Sale: 12/18/2024
- Market: Apache Junction, AZ
Cliff David and Steve Gebing from Institutional Property Advisors represented the undisclosed seller in this transaction and also procured the buyer for the community.
On the Map
$56,500,000
Single Family Residence
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Players
Apache Junction Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $289.7K per unit across 195 units on a published $56.5M (2024).
Visit Steve Gebing to view all their deals.
Browse Apache Junction single family residence sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.28%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93