$5M+ Deals – Over $38M in multifamily deals

Below are the deals that closed Wednesday, March 23, 2016 in Maricopa County over $5M according to the Maricopa County Recorder. Rose Law Group Reporter has not independently verified these transactions.

Price: $15.35M
Buyer: Solano Village, LLC
Seller: Sonoma Terrace Properties, LLC
Property Type: Apartments, Sonoma Terrace Apartments
Property Size: 17.5 acres, 169,151 SF
Location: NEC of N 53^rd Ave & W Northern Ave in Glendale (5220 W Northern Ave)
APN: 148-13-001P, 148-13-336A, 148-13-468A
Financing: $3.85 down on new loan
To view the affidavit, click here.

Price: $15M+
Buyer: PFP Aderra Holdings, LLC
Seller: CCS – Arizona II, LLC
Property Type: Condos/Townhouses
Property Size: 90 total units in bulk sale
Location: SWC Tatum Blvd & E Paradise Village Pkwy in Phoenix (11640 N Tatum Blvd)
APN: 167-45-410 (plus 89 more parcels)
Financing: $4.76M+ down on new commercial loan
To view the affidavit, click here.

Price: $8M
Buyer: CM Rentals, LLC
Seller: PRV, LLC
Property Type: Apartments, Shadow Rose
Property Size: 5.85 acres, 148 units
Location: S of SEC N 67^th Ave & W Maryland Ave in Glendale (6231 N 67^th Ave)
APN: 144-16-001A, 144-16-032B
Financing: $2M down on new conventional loan
To view the affidavit, click here.

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March 24, 2016

Glendale, Multi-Family, Phoenix, real estate

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