November 16, 2024 4:42 pm
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$5M+ Deals – $36M sale of apartments near PV Mall ($180k/unit)

Below is the deal that closed Monday June 9, 2015, in Maricopa County over $5 million according to the Maricopa County Recorder. Rose Law Group Reporter has not independently verified these a transactions.

Price:  $36M ($180,000/unit)
Buyer:  WW Cactus 88 LLC (formed by Olympus Property)
Seller:  Cactus 42 Holdings, LLC (Cachet Homes/Southwest Next Capital Management, Strand Properties Corp.)
Property Type: Multifamily
Property Size: 200 units, 4.54 acres
Location: west of NWC of E. Cactus Rd. and N. Paradise Village Pkwy. (4232 E. Cactus Rd.)
APN: 167-27-001M
Financing: $10.5M down on conventional loan

To view affidavit, click here.

 

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© 2024 Rose Law Group Reporter

Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.