April 23, 2024 9:43 pm

$5M+ Deals – Over $173M in multiple sales yesterday including $80M multifamily and $6M Bob Parsons deals

elow are the deal that closed Wednesday July 1, 2015 in Maricopa County over $5M according to the Maricopa County Recorder. Rose Law Group Reporter has not independently verified these transactions.

Price: $80.5M ($95,606/unit)
Buyer: Fairfield Presidio SM, LLC
Seller: MMI II Presidio at South Mountain, LLC
Property Type: Multifamily, Presidio at South Mountain Apartments
Property Size: 22.4 acres, 842 units
Location: SEC of S. 48th St. and S. Wakial Loop in Phoenix (13229 S. 48th St.)
APN: 301-59-016X, 016Y
Financing: Two transactions – $15.75M down on a new $57.5M conventional loan and $6M down on a new $23M conventional loan

To view the affidavit, click here and here.

Price: $54.1M
Buyer: WRI Summit REIT, LP
Seller: Donahue Schriber Realty Group, LP
Property Type: Commercial, Retail
Property Size: 26.1 acres, approx. 190,000 SF of retail
Location: North of the NEC of E. Lone Mountain Rd. and N. Scottsdale Rd. in Scottsdale (32551 N. Scottsdale Rd.)
APN: 216-51-090B, 101, 102
Financing: Cash

To view the affidavit, click here.

Price: $14.6M+
Buyer: Phoenix Investors #21, LLC, Phoenix Investors #20, LLC and Phoenix Investors #11, LLC
Seller: Highland Ventures Partnership, William C. Shubert and Kitchell Family Residence, LLC
Property Type: Office
Property Size: 3.7 acres, 61,812 SF of office
Location: SWC of E. Highland Ave. and SR-51 in Phoenix (1707 E. Highland Ave.)
APN: 163-26-035C
Financing: $5,515,385 down on a new loan

To view the affidavit, click here.

Price: $11M
Buyer: Ashford Phoenix Airport North, LP
Seller: RB Phoenix North LP
Property Type: Commercial, Hampton Inn Hotel
Property Size: .9 acres
Location: South of the SEC of N. 44th St. and Loop 202 in Phoenix (602 N. 44th St.)
APN: 125-27-075B
Financing: $744,137 down on a new conventional loan

To view the affidavit, click here.

Price: $7.35M
Buyer: GTI Phoenix, LLC
Seller: CH NV, LP
Property Type: Commercial, Country Inn & Suites
Property Size: 2.7 acres, 63,402 SF hotel
Location: SWC of S. 48th St. and I-10 in Phoenix (4234 S. 48th St.)
APN: 124-55-001P
Financing: $2.94M down on new conventional loan

To view the affidavit, click here.

Price: $6M
Buyer: Mill Avenue Office, LLC (Parson’s entity)
Seller: Jah Ventures, LLLP
Property Type: Commercial, Office
Property Size: .473 acres
Location: NEC of S. Ash Ave. and W. 5th St. in Tempe (230 W. 5th St.)
APN: 132-29-011, 001B
Financing: Cash

To view the affidavit, click here.

Price: $5.4M+
Buyer: ESS Bristol Gilbert, LLC
Seller: Basehorne, LLC
Property Type: Commercial, Office
Property Size: 2.2 acres
Location: Baseline Rd between McQueen and Gilbert Roads in Gilbert (765 E. Baseline Rd.)
APN: 302-12-657
Financing: Cash

To view the affidavit, click here.

Price: $5M+
Buyer: Woodside Properties, LLC
Seller: DBCDS, LLC
Property Type: Commercial
Property Size: 1.5 acres
Location: SWC of W. Van Buren St. and N. Avondale Blvd in Avondale (280 N. Avondale Blvd.)
APN: 500-29-978
Financing: Cash

To view the affidavit, click here.

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July 2, 2015

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