$5M+ Deals – $60.5M for Goodyear commercial; Camelback Rd apartments

Below are the deals that closed Tuesday, February 9, 2016 in Maricopa County over $5M according to the Maricopa County Recorder. Rose Law Group Reporter has not independently verified these transactions.

Price: $60.5M
Buyer: DDR Palm Valley Eat, LLC
Seller: PVPW Corp.
Property Type: Commercial (PAD)
Property Size: 28.8 acres, 232,798 SF
Location: SWC Litchfield Rd & W McDowell Rd in Goodyear (1400 N Litchfield Rd)
APN: 500-04-031B, 500-04-040, 500-04-041, 500-04-042, 500-04-005H, 500-040-05B, 500-04-004T
Financing: $1.4M down on loan from DDR entity
To view the affidavit, click here.

Price: $10.25M
Buyer: CPLC Estancia, LLC
Seller: Camelback 4001, LLC
Property Type: Apartments, Estancia Del Sol
Property Size: 7.5 acres, 351 units
Location: SWC N 39th Ave & W Camelback Rd in Phoenix (4001 W Camelback Rd)
APN: 107-04-003B, 107-04-003C, 107-04-003D
Financing: $0 down on new loan
To view the affidavit, click here.

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