$5M + Deals – Apartments complexes Glendale, Tempe, Phoenix

Below are the deals that closed by Friday May 13, 2016 in Maricopa County over $5M according to the Maricopa County Recorder. Rose Law Group Reporter has not independently verified these transactions.

Price: $31,050,000M
Buyer: P.B Bell Commercial Acquisitions, LLC
Seller: ERGS III Arrowhead Owner, LLC c/o Goldman Sachs Realty Management
Property Type: Apartment complex
Property Size: 12.477 acres
Location: 17600 N. 79^th Ave, Glendale
APN: 200-43-010 D3
Financing: New loan, conventional, $10,850,000 down
To view the affidavit, click here.

Price: $25,130,000M
Buyer: Nines West LLC and Nines Tempe LLC, tenants in common
Seller: FAOF Lakefront LLC
Property Type: Apartment complex
Property Size: 8.677 acres
Location: 999 East Baseline Road, Tempe
APN: 301-98-390
Financing: New loan, conventional, $5,608,000 down
To view the affidavit, click here.

Price: $5,530,000M
Buyer: Alhambra Partners, L.P.
Seller: Piroz Amona
Property Type: Apartment buildings
Property Size: 6.725 acres
Location: 4540 – 4647 North 39^th Ave, Phoenix
APN: 107-03-003W, 107-08-001G
Financing: New loan, conventional
To view the affidavit, click here.

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May 13, 2016

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