Cushman & Wakefield of Arizona, Inc. negotiated the $8.528M sale of Acacia Pointe Apartments, located at 8344 N. 67th Ave. in Glendale.
Paradise Urban Apartments, LLC dba Bank of America sold the property to Acacia Pointe, LLC of Chandler. The 208-unit property was built in 1985 and is regarded as a well-maintained asset with value-add opportunity. The sale equates to $41,000 per unit and $66.56 per square foot.