$5M + Deals – Apartments Tempe, Mesa; Commercial properties Phoenix

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

Price: $69,500,000M
Buyer: Residences at Fountainhead, LLC
Seller: GRE Fountainhead Apartments, LLC
Property Type: Apartment complex
Property Size:  10.010 Acres
Location: 2520 S. Plaza Drive, Tempe
APN: 123-33-046
Financing: cash
To view the affidavit, 160460652, click here.

Price: $42,700,000M
Buyer: Capital Real Estate – Gateway on Gilbert, LLC & Gateway TIC I, LLC & Gateway TIC II, LLC
Seller: Woodcreek Apartments Gilbert, LLC
Property Type: Apartment complex
Property Size:  19.905 Acres
Location: 1710 S. Gilbert Rd., Mesa
APN: 139-09-002
Financing: new 2nd TD loan, $11,150,000 down
To view the affidavit, 160466399, click here.

Price: $29,250,000M
Buyer: East Thomas Road Phoenix Hotel, LLC c/o Hospitality Ventures, LLC
Seller: IA Urban Hotels Phoenix, LLC
Property Type: Commercial
Property Size:  1.421 Acres
Location: 10 E. Thomas, Road, Phoenix
APN: 118-35-108
Financing: $1,152,710 down
To view the affidavit, 160461688, click here.

 

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