May 8, 2024 11:20 am
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CBRE Completes $32.5M sale of San Paulo Apartments in Phoenix

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Real Estate Daily News

PHOENIX, Arizona – CBRE has completed the sale of San Paulo, a 208-unit Class A multifamily community located at 14625 South Mountain Parkway in Phoenix. The property commanded a sale price of $32.5 million ($156,250 per unit).

Sean Cunningham, Tyler Anderson, Asher Gunter and Matt Pesch with CBRE’s Phoenix office represented the seller, Seattle-based PrivatePortfolio Group. The buyer was New York City-based Rivendell Global Real Estate.

“Located in the preferred Ahwatukee submarket, San Paulo presents a tremendous investment opportunity,” said CBRE’s Cunningham. “The community is surrounded by numerous established master-planned communities with strong demographics, access to top-rated schools and proximity to some of the East Valley’s largest employers.”

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