$5M+ Deals – $70M in 2 apartment deals; $13M in 2 commercial deals

Below are the deals that closed Thursday, October 15, 2015 in Maricopa County over $5M according to the Maricopa County Recorder. Rose Law Group Reporter has not independently verified these transactions.

Price: $65M
Buyer: Scion Tempe Apartments, LLC
Seller: HSRE Tempe, LLC
Property Type: Apartments, Boulevard 1900
Property Size: 6.7 acres, 229 units
Location: E of S McClintock Dr & E Apache Blvd in Tempe – 1900 E Apache Blvd
APN: 132-67-170
Financing: $400k down on new conventional loan

To view the affidavit, click here.

Price: $7,187,500
Buyer: Development Services of America, Inc.
Seller: Phoenix Investors #7 Limited Partnership
Property Type: Commercial
Property Size: 4.1 acres, 74,009 SF
Location: S 52nd St & W University Dr in Tempe – 2114 W 7th St
APN: 124-39-004H, 12439055
Financing: Cash

To view the affidavit, click here.

Price: $5.8M
Buyer: GM Metro, LLC & GM Elped, LLC
Seller: Conn Appliances, Inc.
Property Type: Commercial
Property Size: 4.1 acres, 74,009 SF
Location: NWC I17 & Dunlap Rd in Phoenix
APN: 149-13-006, 149-13-008, 149-13-009, 149-13-010, 149-13-011, 149-13-012
Financing: $3.1M down on new conventional loan

To view the affidavit, click here.

Price: $5.7M
Buyer: Casa Del Mar Apartments, LLC
Seller: Sureway, Inc.
Property Type: Apartments, Casa Del Mar
Property Size: 7.9 acres, 128 units
Location: N 57th Ave & W Camelback Rd in Glendale – 5045 N 58th Ave
APN: 144-33-002L, 144-33-002R, 144-33-002W
Financing: $500k down on seller loan

To view the affidavit, click here.

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