Paseo 51 Apartments in Glendale AZ

[Zach Haptonstall]

Investment Info:

Large multi-family (5+ units) buy & hold investment in Glendale.

Purchase price: $15,500,000
Cash invested: $4,890,000

PASEO 51
116 UNITS
Glendale, AZ
​
Acquisition Date : September 2020
Purchase Price : $15.5M
Down Payment and Renovation Costs : $4.89M
Loan : 10-Yr Floating Interest Rate, Non-Recourse Agency Loan
Deal Structure : 506(B) Syndication
Unit Mix : 80 1BR/1BA | 36 2BR/2BA
Projected Hold : 2-5 Years