$5M+ Deals – $94M for Tempe apartments; former trailer park site in Tempe goes for $7.9M

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

Price: $94.2M
Buyer: TR Skywater, LLC
Seller: Tempe 601 W. Rio Salado, LLC
Property Type: Apartments, SkyWater at Town Lake
Property Size: 5.4 acres, 328 units
Location: SWC of S Roosevelt St & W Rio Salado Pkwy in Tempe (601 W Rio Salado Pkwy)
APN: 124-24-248-6
Financing: $47.1M down on new conventional loan
To view the affidavit, click here.

Price: $7.9M
Buyer: Eastline Land Ventures, LLC
Seller: Apache Partners 4, LLC
Property Type: Vacant land (commercial)
Property Size: 6.9 acres, 21,011 SF
Location: SWC of S Roosevelt St & W Rio Salado Pkwy in Tempe (2059 Apache Blvd)
APN: 133-02-035A (additional 9 parcels listed on affidavit)
Financing: $3.9M down on private loan
To view the affidavit, click here.

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November 30, 2015

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