$5M+ Deals – $31.6M Arrowhead apartments; Phoenix & Peoria commercial

Below are the deals that closed Monday, February 1, 2016 in Maricopa County over $5M according to the Maricopa County Recorder. Rose Law Group Reporter has not independently verified these transactions.

Price: $31.6M
Buyer: Capital Real Estate – Pavilions, LLC
Seller: AMFP I Pavilions, LLC
Property Type: Apartments, Pavilions At Arrowhead
Property Size: 14.6 acres, 248 units
Location: SEC N 75^th Ave & Loop 101 in Glendale (7400 W Arrowhead Clubhouse Dr)
APN: 200-29-953P
Financing: $11.06M down on new conventional loan
To view the affidavit, click here.

Price: $17M
Buyer: 501 Gateway, LLC
Seller: 501 North 44^th St, LLC
Property Type: Commercial Intermediate District
Property Size: 3.7 acres, 234,141 SF
Location: N of NEC N 44^th St & E Van Buren St in Phoenix (501 N 44^th St)
APN: 125-27-089
Financing: $300K down on new conventional loan
To view the affidavit, click here.

Price: $9.665M
Buyer: Mountain Park Retail, LLC
Seller: WA Mountain Park 1, LLC
Property Type: Commercial Intermediate District
Property Size: 1.2 acres, 13,141 SF
Location: NWC S 7^th St & E Baseline Rd in Phoenix (510, 602 & 610 E Baseline Rd)
APN: 114-16-013, 114-16-014, 114-16-015B
Financing: Cash
To view the affidavit, click here.

Price: $9.25M+
Buyer: Sovran Acquisition Limited Partnership
Seller: 48^th Street Storage, LLC
Property Type: Commercial Intermediate District
Property Size: 1.7 acres, 13,141 SF
Location: SWC N 48^th St & E Roosevelt St in Phoenix (4739 E Roosevelt St)
APN: 125-30-171B
Financing: Cash
To view the affidavit, click here.

Price: $8.55M
Buyer: 4802 East Van Buren, LLC
Seller: Longmeadow Properties, LLP & Samuel Kelso Hughes and Suzanne Hughes
Property Type: Commercial Intermediate District
Property Size: 9 acres, 2,030 SF
Location: NEC N 48^th St & E Van Buren St in Phoenix (4802 E Van Buren St)
APN: 125-08-002C
Financing: Cash
To view the affidavit, click here.

Price: $5.425M
Buyer: Peoria Avenue, LLC
Seller: LL Peoria Realty, LLC
Property Type: Commercial Intermediate District
Property Size: 1.9 acres, 2,030 SF
Location: SWC N 89^th Ave & W Peoria Ave in Peoria (10420 N 89^th Ave)
APN: 142-39-040H, 142-39-043D
Financing: $200k down on new loan
To view the affidavit, click here.

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February 2, 2016

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