$5M+ Deals – $39M Chandler apartments, $8.2M Phx commercial, $7.7M Scottsdale commercial

Below are the deals that closed Thursday, September 17, 2015 in Maricopa County over $5M according to the Maricopa County Recorder. Rose Law Group Reporter has not independently verified these transactions.

Price: $39.25M
Buyer: PHX Queen Creek 2012, LLC
Seller: Bay Arizona Apartments Limited Partnership
Property Type: Apartments, Ocotillo Bay
Property Size: 18.9 acres, 296 units
Location: S Dobson Rd & W Queen Creek Rd in Chandler – 1889 W Queen Creek Rd
APN: 303-37-002T, 303-37-002Y
Financing: $1M down on new conventional loan
To view the affidavit, click here. For more info, click here.

Price: $8.2M
Buyer: KV Partners, LLC
Seller: Kachina Village, LLC
Property Type: Commercial, Kachina Village
Property Size: 3.6 acres, 47,375 SF
Location: N 32^nd St & E Indian School Rd in Phoenix – 3110 E Indian School Rd
APN: 163-01-020B
Financing: $2.9M down on new conventional loan
To view the affidavit, click here.

Price: $7.7M
Buyer: ARC Scottsdale Holdings, LLLP
Seller: Marshall Property Family Limited Liability Partnership & MJK Properties, LLC
Property Type: Commercial
Property Size: 1.2 acres
Location: N Marshall Way & E 2^nd St in Scottsdale – 7142 E 1^st St, 7102 E 2^nd St, 7114 E 2^nd St, 7111 E 2^nd St, 7105 E 2^nd St
APN: 130-12-115, 130-12-116, 130-12-122, 130-12-166A, 130-12-169B, 130-12-164A, 130-12-165A
Financing: $2.7M down on new conventional loan

To view the affidavit, click here.

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September 18, 2015

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