$5M+ Deals – $41M Phoenix apartments; Phoenix & Tempe commercial

Below are the deals that closed Friday, November 13, 2015 in Maricopa County over $5M according to the Maricopa County Recorder. Rose Law Group Reporter has not independently verified these transactions.

Price: $41.25M
Buyer: KB Mountainside 1, LLC & KB Mountainside, LLC
Seller: Mountainside Apartments, LLC
Property Type: Apartments (Mountainside Apartments)
Property Size: 14.5 acres, 288 units
Location: S 46th Pl & E Ray Rd in Phoenix (4625 E Ray Rd)
APN: 301-77-996
Financing: $12.4M down on new conventional loan
To view the affidavit, click here.

Price: $18.4M
Buyer: W Tempe, LLC
Seller: Rimrock Investors II, LLC
Property Type: Commercial (Rimrock at ASU Research Park)
Property Size: 14.5 acres, 288 units
Location: S River Pkwy & E Elliot Rd in Tempe (2030 & 2050 E ASU Cir)
APN: 301-53-261X
Financing: $6.44M down on new loan
To view the affidavit, click here.

Price: $7.2M
Buyer: DOC-3311 North 44th Street MOBs, LLC
Seller: Elliott Kuhl Portfolio, LLC
Property Type: Commercial (Office)
Property Size: 1.7 acres, 61,370 SF
Location: N 44th St & E Osborn Rd in Phoenix (3311 & 3333 N 44th St)
APN: 127-07-073, 127-07-010
Financing: Cash
To view the affidavit, click here.


*Editor’s note: “Meritage buys Peoria vacant land” section was removed as it was reported in error.

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Cameron’s $5M + deals of the day

Cameron Carter, Director of Rose Law Group’s Transactional Real Estate Department, thinks you need to know about these transactions in Maricopa County. Price: $27MBuyer:  Tides on 19th Partners, LLC

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November 2015