$5M Deals – $5M of estate; $17.125 of commercial/retail; $57M of multi-family

$5M sale of 5 acre Equestrian Estate located east of 112th Street on the north side of Mountain View Road in Scottsdale (11309 E Arabian Drive). Property includes a 5,273 sf home with barn that contains stalls for 30 horses, groom rooms and complete staff apartment with outdoor riding arena, etc. by Arabian Park, LLC (William Pomeroy and Carrie Langstroth as Managing Partners)


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$5.325M sale of commercial retail building located at the southwest corner of Union Hills and Loop 101 (8151 W Union Hills Drive) in the Glendale Northwest shopping plaza anchored by Walmart and Sam’s Club.  Tenants include Starbucks and Washington Mutual by Michael’s Golden Arm, LLC (Laura and Michael Jordan are Managing Members).


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$11.8M sale of two commercial retail buildings (13,740 sf and 25,540 sf) in neighborhood shopping PAD anchored by Albertsons grocery store located on southeast corner of Queen Creek Rd and Alma School Rd (3125 and 3165 S Alma School Rd) by Southgate Mall Associates, LLC (Missoula, MT)


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$24M sale of The Club at Coldwater Springs apartment complex located just west of Avondale Blvd south of Van Buren Street in Avondale (105 N. Links Drive) by PM Club at Coldwater Springs Avondale, LLC. Units range from 1-3 bedrooms and provide resort style living in the heart of Avondale.


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$33M sale of Waterford at Superstition Springs luxury apartment and condo complex located between Power Road and Sossaman Road south of Southern Avenue in Mesa (7311 E Southern Ave) by Waterford at Superstition Springs LLC. Voted Top-Rated Apartment Community in 2013 this community sits on 13 acres and offers 1-3 bedroom floor plans and provides resort-style pool, business center, fitness center, car care center and children’s playground.


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