$5M+ Deals – Cactus & Tatum apartments go for $19M; Avondale hospital

Below are the deals that closed Thursday, February 24, 2016 in Maricopa County over $5M according to the Maricopa County Recorder. Rose Law Group Reporter has not independently verified these transactions.

Price: $19M
Buyer: Birchard Group, LLC
Seller: LEM Paradise Trails, LLC
Property Type: Apartments, The Enclave at Paradise Valley
Property Size: 4.7 acres, 127 acres
Location: S of SWC Tatum Blvd & E Cactus Rd in Phoenix (4502 E Paradise Village Pkwy)
APN: 167-45-001N
Financing: $5.7M down on new conventional loan
To view the affidavit, click here.

Price: $12.835M
Buyer: Phoenix Children’s Hospital, Inc.
Seller: PCH Avondale Properties, LLC (Banner Health & Ensemble Real Estate Investments)
Property Type: Commercial, Hospital
Property Size: 12.3 acres, 36,267 SF
Location: NEC N Avondale Blvd & W McDowell Rd in Avondale (1665 N Avondale Blvd)
APN: 102-30-004M
Financing: Cash
To view the affidavit, click here.

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