$5M+ Deals – $94M in apartments & $7.7M at Morrison Ranch

Below are the deals that closed Thursday, July 16, 2015 in Maricopa County over $5M according to the Maricopa County Recorder. Rose Law Group Reporter has not independently verified these transactions.

Price: $66.3M
Buyer: SPUS7 Element, LP
Seller: Canyons North 23^rd Avenue LLC
Property Type: Apartment building, Broadstone Element apartments
Property Size: 15.6 acres, 629 units
Location: SEC W Beardsley Rd & I-17 in Phoenix (19940 N 23^rd Ave)
APN: 209-16-019 & 209-16-020
Financing: $0 down on new conventional loan

To view the affidavit, click here. For more information, click here.

Price: $28M
Buyer: Sonoran Apache LLC & Quail Canyon LLC
Seller: FSC Morningside Associates, LLC
Property Type: Apartment building, Morningside Apartments
Property Size: 9.6 acres, 160 units
Location: NEC E Via Linda & N 104^th St in Scottsdale (10455 E Via Linda Rd)
APN: 217-34-018K
Financing: $11.7M on assumption of existing loan

To view the affidavit, click here.

Price: $7.7M
Buyer: Morrison Ranch, Inc.
Seller: J&M Land and Investment Company & B&K Land and Investment Company, LLP
Property Type: vacant land
Property Size: 52.9 acres
Location: SEC E Guadalupe Rd & S Power Rd in Gilbert
APN: 304-05-020Z (on affidavit as 304-02-020W)
Financing: Seller loan

To view the affidavit, click here.

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July 17, 2015

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