Below is a list of the deals closed Friday 9/26 in Maricopa County over $5 million according to the Maricopa County Recorder. The Rose Law Group Reporter has not independently verified these transactions.
$6.2M sale of 96 unit Villa De Merced apartment complex at southwest corner of 6th Street and Mesa Drive in Mesa (520 N. Mesa Drive) by Mercy Housing Arizona-I L P, a Colorado limited partnership. The property sits on 5.79 acres and has 2 to 4 bedroom units built in 2000.
$7.5M sale of approx. 320 acres of farm land located in Rainbow Valley area at the southwest corner of 175th Avenue and Germann Road in Goodyear (APN# 400-56-038) by Arnold & Baker Farms.
1000′ deep well, grandfathered water rights w/320 AC land for irrigation w/1334 AC ft annual groundwater allotment (926 AC FT if converted to domestic use), flex acct balance of over 30,000 AC FT, 69KVA transmission lines and substation planned for 2013 (approx. 1.2 mi. north on Willis Road).
Rainbow Valley Road/Germann Road: I-10W to Estrella Pkwy, S to Willis Rd (between Montecito and Canta Mia developments), W to Rainbow Valley Rd, S to Germann. Acreage borders Germann Road on N, Queen Creek Road on S, Rainbow Valley Rd on W. Property located approx 14.5 mi from I-10, 4.1 miles to H.S., 6.1 miles to shopping center.
$12.6M sale of Imagine Prep at Surprise, a private school grades 6th -12th located on the north side of Acoma Drive just west of Reems Road (14850 N. 156th Avenue) in Surprise by Surprise Prep School, LLC (William Jones is a Managing Member). The property sits on just over 10 acres which includes a sports field.
$23.15M sale of 240 unit The Village at Gateway Pavilions Luxury Rentals apartment complex on the west side of 103rd Avenue just north of McDowell Road in Avondale (1700 N. 103rd Avenue) by PM Village at Gateway Pavilions Avondale, LLC (a foreign LLC managed by VGP Funding, LLC in Scottsdale) The property sits on 11 acres and has 1 to 3 bedroom units.
