$5M+ Deals – Over $53M in multiple sales

Below are the deals that closed Tuesday June 30, 2015 in Maricopa County over $5 million according to the Maricopa County Recorder. Rose Law Group Reporter has not independently verified these transactions.

Price: $15M
Buyer: 44th and McDowell Hotel Group, LLC
Seller: Jordan Hotels, LLLP
Property Type: Commercial, Holiday Inn Hotel & Suites Phoenix Airport North
Property Size: 5.111 acres
Location: SEC of E. McDowell Rd. and N. 44th St. in Phoenix (1515 N. 44th St.)
APN: 125-17-003A, 005A, 005B, 008B

To view the affidavit, click here.

 

Price: $12.25M ($42,535/unit)
Buyer: Solano Terrace, LLC
Seller: http://www.mentorproperties.com/S Ridge Apartments, LLLP
Property Type: Multifamily, Sonoma Grand Apartments
Property Size: 9.975 acres, 288 units
Location: NEC of W. Highland Ave. and I-17 in Phoenix (4715 N. Black Canyon Hwy.)
APN: 154-03-017F, 018C, 018D, 022A
Financing: $9.8M down on new loan

To view the affidavit, click here.

 

Price: $8M
Buyer: Crown Castle USA, Inc.
Seller: MDB CC Chandler, LLC
Property Type: Commercial, Office
Property Size: 9.3 acres
Location: SEC o S. Stearman Dr. and E. Germann Rd. in Chandler
APN: 303-31-370, 303-30-002N
Financing: Cash

To view the affidavit, click here.

 

Price: $6.59M ($183,056/unit)
Buyer: Valencia Townhomes, LLC
Seller: American Residential Leasing Company, LLC
Property Type: Multifamily, The Valencia Condominiums
Property Size: 2.45 acres, 36 units
Location: East of the NEC of N. 7th Ave. and W. Maryland Ave. in Phoenix (550 W. Maryland Ave.)
APN: 161-30-322+
Financing: $2m down, seller carrying remainder

To view the affidavit, click here.

 

Price: $5.9M
Buyer: LIV Sixteenth, LLC
Seller: Presson Advisory, LLC
Property Type: Office, Willowick Square
Property Size: 2.84 acres, 51,657 SF building
Location: SWC of N. 16th St. and E. Colter St. in Phoenix (5150 N. 16th St.)
APN: 162-12-001Y
Financing: Cash

To view the affidavit, click here.

 

Price: $5.32
Buyer: CimarronWWC, LLLP
Seller: John Lukacs
Property Type: Multifamily, Cimarron Village Apartments
Property Size: 3.231 acres
Location: West of the SWC of N. 59th Ave. and W. Olive Ave. in Glendale (6015 W. Olive Ave.) adjacent to Glendale Community College
APN: 143-13-002R
Financing: $1.064M down on new loan

To view the affidavit, click here.

 

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Cameron’s $5M + deals of the day

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