$5M+ Deals – $14.175M Multi-family sale, Self-Storage, and Retail

Below is a list of the deals closed Wednesday 11/12/14 in Maricopa County over $5 million according to the Maricopa County Recorder. The Rose Law Group Reporter has not independently verified these transactions.

$14.175M sale ($110,742/unit) of the 128 unit Waterford on Tatum apartments at the NEC of Tatum Boulevard and Greenway Road (15424 N. Tatum Blvd.) in Phoenix by SC Phoenix I, LLC, an entity formed by the Stoneleigh Companies based in Barrington, Illinois. The buyer was BMB Tatum LLC.

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$6.5M sale of the Val Vista Lakes Self Storage center on Baseline Road just west of Higley Road (3840 E. Baseline Rd) in Mesa, by Val Vista Lakes Self Storage LLC, an entity formed by Storage Masters and Rex Short. The facility sits on 4.247 acres.

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$5.8M sale of a 2.293 acre retail property at the NWC of N. Gavilan Peak Parkway and W. Daisy Mountain Drive (36510 N. Gavilan Peak Pkwy.) in Phoenix by 39510 North Gavilan LLC, an entity formed by Komal Skhrani, Bansi Lakhani, and Sidarth Lakhani. The site is currently home to a CVS.

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November 2014