$5M+ Deals – $38.3M multifamily deal and $10.5M office sale

Below are the deals that closed Monday July 6, 2015 in Maricopa County over $5M according to the Maricopa County Recorder. Rose Law Group Reporter has not independently verified these transactions.

Price: $38.3M ($167,982/unit)
Buyer: Olen Properties Corp
Seller: Mr Apts, LLC
Property Type: Multifamily, Highland Groves Apartments
Property Size: 13.55 acres, 228 units
Location: East of NEC of S. Recker Rd. and E. Elliot Rd. in Gilbert (105 N. Beebe St.)
APN: 304-16-694
Financing: Cash

To view the affidavit, click here. More info here.

Price: $10.565M
Buyer: UIRC-GSA V Phoenix, LLC
Seller: Paul Davis Enterprises, LLLP and Van Sittert Rev. Trust
Property Type: Office, BLM National Training Center
Property Size:  3.6 acres, 69,102 SF of office space
Location: Just west of Metro Center Mall in Phoenix (9828 N. 31st Ave.)
APN: 149-16-068
Financing: New conventional loan

To view the affidavit, click here.

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