$5M+ Deals – $49M in 2 Phoenix apartment deals

Below are the deals that closed Thursday, November 19, 2015 in Maricopa County over $5M according to the Maricopa County Recorder. Rose Law Group Reporter has not independently verified these transactions.

Price: $33M
Buyer: FPA5 Monte Verde, LLC
Seller: 3601 East McDowell Road Holdings, LLC
Property Type: Apartments, Monte Verde Apartments
Property Size: 9 acres, 435 units
Location: SEC N 36^th St & E McDowell Rd in Phoenix (3601 E McDowell Rd)
APN: 121-01-216
Financing: Cash
To view the affidavit, click here.

Price: $16.2M
Buyer: 32^nd Street Apartments, LLC
Seller: GRE Cobalt, LLC
Property Type: Commercial, Cobalt on 32nd Street
Property Size: .2 acres, 24,510 SF
Location: SWC N 32^nd St & E Union Hills Dr in Phoenix (18350 N 32^nd St, Units 101-119)
APN: 214-02-631 (18 other parcels included in affidavit)
Financing: Cash
To view the affidavit, click here.

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November 20, 2015

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