Colliers International in Greater Phoenix recently completed the sale of Villa Contenta, a 62-unit Class B multifamily complex in the Camelback Corridor of Phoenix for $3.44 million or $55,564 per unit ($69.87 per square foot).
3rd Ave Investments of Phoenix purchased the property, located at 1523 W. Colter St., from Pioneer Colter LLC of White Plains, N.Y. This is the second purchase Zev Hendeles, principal of 3rd Ave Investments, has made in the last month. Hendeles recently closed on Aster Gardens in Phoenix, a 28-unit apartment complex, and is [...]
Solano Terrace LLC in Phoenix (Zev Hendeles, principal) paid $12.25 million ($42,535 per unit) to buy the 288-unit Sonoma Grand apartments located at 4715 N. Black Canyon Highway in Phoenix.
FPA Miltifamily LLC of San Francisco sold Dwell Apartment Homes at 1923 N. 70th St. in Scottsdale to 3rd Ave. Investments of Phoenix for $14.275 million.
Colliers International in Greater Phoenix completed the sale of the Sonoma Terrace apartments at 5220 W. Northern Ave., in Glendale, Arizona, for $15.35 million or approximately $59,038 per unit. The buyer was Phoenix-based 3rd Ave Investments, a real estate investment and management firm specializing in Arizona multifamily assets.
Patio 15 was constructed in two phases during 1968 and 1969, followed by an extensive remodel in 2015. The 15-building community offers 62 units totaling 49,300 square feet. The property features a swimming pool, laundry facilities and 115 parking spaces. Some of the units include in-suite washer and dryer. Recent interior renovations include new [...]
Institutional Property Advisors (IPA), a division of Marcus & Millichap specializing in serving institutional and major private real estate investors, completed the sale of Dwell Apartment Homes, a 193-unit apartment property in Scottsdale, Arizona. The $20.85 million sales price equates to $108,031 per unit. David and Steve Gebing, IPA senior director, represented the seller, Zev [...]
Phoenix-based 3rd Avenue Investments LLC has bought the 561-unit Madera Court apartments in Phoenix for $36.25 million. The Madera apartments are located on 35th Avenue near Northern Avenue. The property was built in 1982.