$5M+ Deals – $39M for Scottsdale Rd commercial; Phx & Tempe hotels; Scottsdale apartments

Below are the deal that closed Wednesday, December 29, 2015 in Maricopa County over $5M according to the Maricopa County Recorder. Rose Law Group Reporter has not independently verified these transactions.

Price: $39.1M
Buyer: Thunderbird Scottsdale, LLC
Seller: IX CW East Thunderbird Square, LP
Property Type: Commercial
Property Size: 15 acres, 163,743 SF
Location: SWC N Scottsdale Rd & E Acoma Dr in Scottsdale (14202-14418 N SCOTTSDALE RD)
APN: 215-57-002M, 215-57-002N, 215-57-002P, 215-57-002Q, 215-57-002S
Financing: $1M down
To view the affidavit, click here.

Price: $6.3M
Buyer: Cromwell Hotels, LLC
Seller: RS I-10 West, LLC & BRS Properties, LLC
Property Type: Commerical, Comfort Inn I-10 West at 51st Ave
Property Size: 3.5 acres, 60,003 SF
Location: N 51st Ave & I-10 in Phoenix (5152 W Latham St)
APN: 103-30-293A
Financing: $500k down on new conventional loan
To view the affidavit, click here.

Price: $5.9M
Buyer: JBC Estancia, LLC
Seller: Royal Palms of Scottsdale, LLC
Property Type: Apartments, Estancia Luxury Apartments
Property Size: 2.1 acres, 62 units
Location: SWC N Miller Rd & E 2nd St in Scottsdale (3620 N Miller Rd)
APN: 130-24-006
Financing: Cash
To view the affidavit, click here.

Price: $5.7M
Buyer: Tempe 202 Hotel, LLC
Seller: Manchester Alliance Group, LLC
Property Type: Commercial, Country Inn & Suites By Carlson
Property Size: 1.8 acres, 45,401 SF
Location: N of NWC of N Scottsdale Rd & Loop 202 in Tempe (808 N Scottsdale Rd)
APN: 132-03-005C, 132-03-004Q, 132-03-007E, 132-03-004J
Financing: $1.85M down on new conventional loan
To view the affidavit, click here.

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