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.
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