$5M+ Deals – $80M commercial portfolio; $7.4M Phoenix apartments

Below are the deals that closed Friday, September 25, 2015 in Maricopa County over $5M according to the Maricopa County Recorder. Rose Law Group Reporter has not independently verified these transactions.

Price: $80M
Buyer: LIT Industrial Limited Partnership
Seller: Myron Zimmerman
Property Type: Commercial
Property Size: 67.2 acres, 1,175,007 SF
Location: Phoenix and Gilbert properties – 2020 W Guadalupe Rd, 2075 W Obispo Ave, 1010 N 47^th Ave, 601 N 75the Ave, 605 N 75^th Ave
APN: 302-09-006H, 302-09-481A, 302-09-481A, 302-24-422, 103-34-018C, 102-42-004, 102-42-005
Financing: Cash

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

Price: $7.475M
Buyer: LILI Rubin Investment Properties, LLC
Seller: Palm Aire Capital, LLC
Property Type: Apartments, Palm Aire Apartments
Property Size: 5.5 acres, 186 units
Location: N 27^th Ave & W Claremont St in Phoenix – 6241 N 27^th Ave
APN: 156-03-005H, 156-03-005J
Financing: $2M down on new loan

To view the affidavit, click here.

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September 28, 2015

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