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Entrada

Tucson, AZ

Entrada

Overview

Location

Tucson, AZ

Acquired

2020

Units

424

Acquisition Price

$65,500,000

Capital

$27,000,000

Status

Holding

Entrada Apartments is a supremely well-located multifamily property in Tucson, Arizona. Entrada enjoys a premier location in the upscale Catalina Foothills district of north Tucson, being within minutes to 1.3M SF of retail and dining and sitting directly on The Loop. The property is located off one of the area’s primary east-west thoroughfares, East River Road and is just 4.5 miles north of the University of Arizona, Banner Medical Center and Comcast. It’s also very close to north Tucson’s medical district and many more well- paid employees.

Entrada has been well maintained over the years. With attractive architecture, large floor plans, multiple amenities and a superior location, Entrada is truly a classic value-add opportunity.

Once TMR’s planned $4,986,000+ renovations and rebranding plan has been completed, the property will look, feel and function like a brand-new apartment property, capable of attracting discerning, upscale renters and materially higher rental rates.

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