$5M+ Deals – E Phx apartments; Fulton buys 74 acres agricultural; 35th Ave commercial

Below are the deals that closed Wednesday, March 30, 2016 in Maricopa County over $5M according to the Maricopa County Recorder. Rose Law Group Reporter has not independently verified these transactions.

Price: $23.45M
Buyer: Arcadia 4127 Apts, LLC
Seller: Arcadia Sky, LLC & Clear Sky Res Properties III, LP
Property Type: Apartments, Arcadia Del Sol
Property Size: 259 units
Location: SWC N 42^nd Pl & E Indian School Rd in Phoenix (4127 E Indian School Rd)
APN: 127-10-102F, 127-10-088A
Financing: $9.350 down on new conventional loan
To view the affidavit, click here.

Price: $20.66M+
Buyer: Fulton Homes Corporation
Seller: POCO Ranch Et Al
Property Type: Agricultural
Property Size: 74.8 acres
Location: S of SEC S Recker Rd & E Williams Field Rd in Gilbert
APN: 304-49-014L, 304-49-014K, 304-49-013D, 304-49-014J, 304-49-013E, 304-49-011G, 304-49-012B
Financing: Cash
To view the affidavit, click here.

Price: $9.1M
Buyer: TSP Metro Gateway, LLC
Seller: Metro Gateway, LLC
Property Type: Commercial, Metro Gateway Shopping Center
Property Size: 6.46 acres, 64,636 SF
Location: SEC N 35^th Ave & W Peoria Ave in Phoenix (3315 – 3443 W Peoria Ave)
APN: 149-15-128
Financing: $2.85M down on new conventional loan
To view the affidavit, click here.

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March 31, 2016

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