$5M+ Deals – $84M for Ahwatukee apartments; Phoenix commercial & apartments

Below are the deals that closed Monday, December 14, 2015 in Maricopa County over $5M according to the Maricopa County Recorder. Rose Law Group Reporter has not independently verified these transactions.

Price: $84M
Buyer: San Melia PT, LLC
Seller: Aimco San Melia, LLC
Property Type: Apartments, San Melia Apartment Homes
Property Size: 488 units
Location: S of SEC S 48^th St & E Ray Rd in Phoenix (14435 S 48^th St)
APN: 301-84-218 (488 other parcels listed in affidavit)
Financing: $37.8M down on new conventional loan
To view the affidavit, click here.

Price: $36.45M
Buyer: Colfin 2015-7 Industrial Owner, LLC
Seller: CREF LCP, LLC
Property Type: Commercial
Property Size: 19 acres, 333,144 SF
Location: SEC I-17 & S 11^th Ave in Phoenix (2115 S 11^th Ave)
APN: 105-24-003, 105-24-004, 105-24-005, 105-24-006
Financing: Cash
To view the affidavit, click here.

Price: $8.535M
Buyer: Union Hills Equity, LLC & Timbertree Finnatix, LLC
Seller: Paso Robles, LLC
Property Type: Apartments
Property Size: 4.6 acres, 146 units
Location: W of SWC N Cave Creek Rd & E Union Hills Dr in Phoenix (2311 E Union Hills Dr)
APN: 214-07-028A
Financing: $1.4M down on new loan
To view the affidavit, click here.

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December 15, 2015

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