$5M+ Deals – $65k per unit for Phoenix apartments

Below are the deals that closed Monday, August 10, 2015 in Maricopa County over $5M according to the Maricopa County Recorder. Rose Law Group Reporter has not independently verified these transactions.

Price: $19M
Buyer: Metro Center Apartments, LLC
Seller: IAC One, LLC
Property Type: Apartments, The Villages at Metro Center
Property Size: 3.3 acres, 290 units
Location: N 31^st Ave & W Mountain View Rd in Phoenix (9652 N 31^st Ave)
APN: 149-62-141A, 149-16-233A, 149-16-337A
Financing: $4.166M down on new conventional loan

To view the affidavit, click here.

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August 11, 2015

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