KB Investment & Development Acquires 328-Unit Multifamily Property In Tempe, AZ For $108M Loan

601 West Rio Salado Parkway

MultiFamily

Financed 1 year ago

Summary

Loan

ARIZONA

MultiFamily

The multifamily property located at 601 W Rio Salado Pkwy in Tempe, AZ has been involved in a recent loan transaction. The property consists of 328 units and was acquired by KB Investment & Development Company.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: $108,000,000
Loan Type: Acquisition
Loan Terms: Five-year, floating rate loan

The loan for this transaction was provided by Mesa West Capital. Rocco Mandala, representing CBRE, acted as the broker in this deal.

Players

All
3

Agents
1
Agencies
1
Lenders
1

$63.5M Sold

Details

Deal Summary

FINANCED

IMAGE: Rocco Mandala DATE: 07/25/2022 ADDRESS: 601 W Rio Salado Pkwy MARKET: Tempe, AZ ASSET TYPE: Multifamily ~ UNITS: 328 LENDER: Mesa West Capital LANDLORD: KB Investment & Development Company BROKER: Rocco Mandala - CBRE LOAN AMOUNT: $108,000,000 LOAN TYPE: Acquisition LOAN TERMS: Five-year, floating rate loan

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Address601 West Rio Salado Parkway

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