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Cameron’s $5M + deals of the day

Posted by   /  May 8, 2019  /  No Comments

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Cameron Carter, Director of Rose Law Group’s Transactional Real Estate Department, thinks you need to know about these transactions in Maricopa County.

Price: $39,750,000
Buyer: Tides on Rail Owner, LLC
Property Type: Apartment
Property Size: 416,238 SQ FT
Location: 1922 and 1930 West Las Palmaritas D, Phoenix   
APN: 158-06-023D – 024D
Financing: New loan, conventional
To view the affidavit: 190322608, click here.

Price: $7,030,513
Buyer: Peoria Avenue Investors, LLC
Seller: HUSA MR 8650WPP, LLC  
Property Type: Commercial
Property Size: 205,920 SQ FT
Location: 55 South 65th Avenue, Phoenix  
APN: 104-17-009
Financing: Cash
To view the affidavit: 190329520, click here.

Seattle buyer shows some moxy with $26M Peoria buy

By Mike Sunnucks | Rose Law Group Reporter

Seattle-based Goodman Real Estate has bought a West Valley apartment complex for $26 million.

Goodman acquired Modern on Peoria at 8650 West Peoria Avenue. The multifamily complex has 216 units.

It has been rebranded under the name Moxi. The sale price works out to $120,370 per unit.

The seller was Henley Investments, a British private equity firm. Henley acquired Modern on Peoria in 2017.

Goodman has some other multifamily investments in the Phoenix market.

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