Mesa complex sold for $11.5M

Lucera ApartmentsThe Arizona Republic

Colliers International has negotiated the sale of the 192-unit Lucera Apartments, 2940 E. Broadway Road, Mesa, for $11.5 million.

New City Financial Group of Vancouver, Canada, acquired Lucera in an all-cash transaction, Colliers said in a release. The seller was Principal Real Estate Investors.

Built in 1986, Lucera is a two- and three-story complex of 11 buildings on 6.94 acres.

 

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