$5M+ Deals – Phoenix & Gilbert apartments; Phoenix & Scottsdale commercial

Below are the deals that closed Tuesday, December 6, 2015 in Maricopa County over $5M according to the Maricopa County Recorder. Rose Law Group Reporter has not independently verified these transactions.

Price: $77.5M
Buyer: Entities formed by CWS Capital Partners, LLC
Seller: Elan Desert Ridge, LLC, an entity formed by The Resmark Companies & Greystar
Property Type: Apartments, Elan at Desert Ridge
Property Size: 13.6 acres, 370 units
Location: NEC of N 56th St & E Deer Valley Rd in Phoenix (21155 N 56th St)
APN: 212-34-956, 212-34-957A, 212-34-958A
Financing: $27.52M down on new conventional loan
To view the affidavit, click here.

Price: $24.35M
Buyer: Fairfield Cambria, LLC
Seller: EQ Cambria, LLC
Property Type: Apartments, Cambria Luxury Apartments
Property Size: 174 units
Location: W of the NWC of N Gilbert Rd & W Guadalupe Rd in Gilbert (130 W Guadalupe Rd)
APN: 310-05-989A
Financing: $8.9M down on assumption of existing loan
To view the affidavit, click here.

Price: $14.9M
Buyer: Roosevelt Business Park Phoenix, LLC
Seller: DADO Partners, LP
Property Type: Commercial
Property Size: 0.13 acres 67,913 SF
Location: E of the SEC of N 75th Ave & I-10 in Phoenix (7150 W Roosevelt Ste 115)
APN: 102-41-600
Financing: Cash
To view the affidavit, click here.

Price: $8.5M
Buyer: Generations at Pinnacle Peak, LLC
Seller: United Insurance Company of Arizona
Property Type: Commercial
Property Size: 4 acres 67,397 SF
Location: E of the NEC of N Scottsdale Rd & E Pinnacle Peak Rd in Scottsdale (23733 N Scottsdale Rd)
APN: 212-05-182B
Financing: Cash
To view the affidavit, click here.

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December 2015