CBRE Closes $40.25 Million Sale of Class A Multifamily Community in Phoenix

 RED News Services

PHOENIX, Arizona – CBRE Group, Inc. has arranged the $40.25 million sale of Avenue 25, a 254-unit, Class A multifamily community located at 18250 N. 25th Avenue in Phoenix, Arizona.

Sean Cunningham, Tyler Anderson, Asher Gunter and Matt Pesch with CBRE’s Phoenix office represented the seller, Los Angeles-based TruAmerica Multifamily. The buyer was Salt Lake City-based Millburn & Company.

“In addition to the North Phoenix submarket boasting a 95% occupancy rate, there are no communities planned or under construction within a three-mile radius of Avenue 25, supporting high occupancy levels and strong rent growth prospects,” said CBRE’s Cunningham.


Share this!

Additional Articles

News Categories

Get Our Twice Weekly Newsletter!

* indicates required

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.