November 22, 2024 3:56 am
Facebook Twitter Youtube Instagram Linkedin
Rose Law Group

ORION Sells Central Phoenix Apartment Complex for over $1.32M

Central Phoenix Apartment

Central Phoenix Apartment(NEWS RELEASE)

ORION Investment Real Estate is proud to announce the sale of Polk Terrace Apartments, located at 338 North 23rd Street in Phoenix, for $1,325,000 or $44,167/unit. The building was 100% occupied at close of escrow. Polk Terrace consists of 30 total units and is individually metered for electricity. All units have been upgraded with tile. The property is located in Central Phoenix and is approximately two miles away from Downtown, home to numerous retailers, entertainment venues and major employers.

Linda Ayala, Vice President at ORION Investment Real Estate, noted, “This was a 1031 exchange and it turned out to be a win-win situation for both the Buyer and Seller. The Seller was able to achieve a great sales price, while it was a good value-add for the Buyer, as he will increase rents and achieve a greater rate of return on his investment.” Ayala represented the Seller, W. 144 Ventures LLC, and the Buyer was locally-based A Plus Management LLC.

Share this!

Additional Articles
News Categories

Get Involved

Stay Informed

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.

learn more

Recent Articles

PRTA suspends operations

(Disclosure: Rose Law Group represents a coalition of property and business owners throughout Pinal County who have worked to bring new transportation infrastructure to the

Read More »

Post Calendar

Rose-Law-Group-RCF-Logo-FINAL-LG-png.png
Facebook Twitter Youtube Instagram Linkedin
© 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.