$5M+ Deals – Avondale, Tempe & Mesa apartments; Peoria commercial

Below are the deals that closed Monday, February 29, 2016 in Maricopa County over $5M according to the Maricopa County Recorder. Rose Law Group Reporter has not independently verified these transactions.

Price: $42.5M
Buyer: Ashton Pointe Holdings, LLC
Seller: Ashton Pointe Apartments, LP
Property Type: Apartments, Ashton Pointe
Property Size: 19.9 acres, 4,683 SF
Location: W of SWC N 119th Ave & W McDowell Rd in Avondale (12175 W McDowell Rd)
APN: 500-01-004Y
Financing: New loan
To view the affidavit, click here.

Price: $10M
Buyer: Riviera Partners, LLC
Seller: MRI Saddlehorn Riviera Investment Fund, LLC
Property Type: Apartments, Riviera Village Apartments
Property Size: 5.9 acres, 165 units
Location: N of NWC S Price Rd & E Broadway Rd in Tempe (1502-1532 S Price Rd)
APN: 133-01-341, 133-01-001H, 133-01-001J
Financing: $570k down on new conventional loan
To view the affidavit, click here.

Price: $9.95M
Buyer: Investment Property Exchange Services as QI for T&D Alder Creek Equity, LLC & Bean Sycamore Equity, LLC
Seller: Windsor Exchange Corp. as QI for RND6, LLC
Property Type: Apartments, Sycamore Square
Property Size: 5.5 acres, 120 units
Location: E of NEC S Dobson Rd & W Southern Ave in Mesa (1120 S Sycamore)
APN: 305-06-007
Financing: $2.95M down on new conventional loan
To view the affidavit, click here.

Price: $5.91M
Buyer: Venice Plaza, LLC
Seller: M-85th GrandAZ Land, LLC & M-85thGrandAZ, LLC
Property Type: Commercial
Property Size: 9.1 acres, 87,604 SF
Location: E of SEC N 91st Ave & NW Grand Ave in Peoria (8517 W Grand Ave)
APN: 142-45-945, 142-45-946
Financing: $2.06M+ down on new conventional loan
To view the affidavit, click here.

Share this!

Additional Articles

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.

News Categories