Skip to content

Call Us Today
(520) 877-2656

  • Home
  • Sales
    • 1st Quarter Sales
    • 2nd Quarter Sales
    • 3rd Quarter Sales
    • 4th Quarter Sales
  • Leases
  • Advertise
  • Subscribe
  • Listings
  • Login
Menu
  • Home
  • Sales
    • 1st Quarter Sales
    • 2nd Quarter Sales
    • 3rd Quarter Sales
    • 4th Quarter Sales
  • Leases
  • Advertise
  • Subscribe
  • Listings
  • Login

ABI Handles Condo Sale at The Greens for $4.99 Million

  • Home
  • Archive
  • ABI Handles Condo Sale at The Greens for $4.99 Million
4th Quarter Sales,Archive
/
January 3, 2017
/
Karen Schutte
image_pdfimage_print
The Greens at Ventana, 5800 N Kolb Rd., Tucson

TUCSON, Arizona -- Long Beach, California investors, HSG Tucson, LLC (Scott Hamilton, manager) bought 54 condos at The Greens at Ventana Canyon, 5800 N Kolb Road in Tucson. Built in 1986 for apartments, and condominium converted in 2006, this class A property has 265 total units. The 54 condos commanded a sale price of $4.99 million ($92,444 per unit) in an all-cash deal.

The units were a mixture of  two- and three-bedrooms floor plans both upstairs and downstairs units.

Designed at the base of the Catalina Foothills, The Greens share the magnificent grounds of the world-famous Lodge at Ventana with its 36 holes of golf, Tom Fazio's two 18 hole championship courses (Mountain and Canyon). Winding through the canyons and arroyos of this 600-acre desert preserve are which have won numerous awards as the best in the country. The Lodge has been a prestigious AAA Four Diamond property for 20 consecutive years.

Large apartment homes of The Greens include thoughtfully-planned kitchens, spacious walk-in closets, plush wall-to-wall carpeting and more. Surrounded by twenty-one beautiful, lush acres; The Greens connect residents to amazing recreational outdoor activities. There are three sparkling pools, an impressive state-of-the-art fitness center and access to hiking trails through the Catalinas.

The ABI Multifamily Team of Alon Shnitzer, Senior Managing Partner; Lance Parsons, CCIM, Senior Vice President; Rue Bax, Senior Managing Partner; and Ryan Kippes, Vice President, negotiated for the seller, Ventana 20/20 LP of Vancouver, BC, Canada (John Murphy, president).

“The buyer, a California investor, was attracted to the property for a whole host of reasons,” states Lance Parsons, CCIM, Senior Vice President at ABI in Tucson and co-lead broker on the transaction. “Primarily, the buyer purchased for resale value, although some of the condos were rented at time of sale.”

For more information, Parsons should be contacted at 520.265.1945, Kippes can be called at 520.265.1895, Shnitzer is at 602.714.1283, and Bax can be reached at 602.714.1406.

To learn more, login and see RED Comp #4397.

[mepr-show rules="58038"]Closing date: 12/23/2016. Exact sale price: $4,992,000. Seller had paid $31,350,000 $118,302 per unit in 2005 when it purchased the 265 units.[/mepr-show]

Share Now!

Recent Posts

  • Arizona Motel Sells to Casa Maria for Affordable Housing in South Tucson
  • High Street Residential Completes Construction on 310-unit Smith & Rio in Tempe
  • Tucson Metro Chamber Supports Proposition 496 to Invest in Public Schools
  • Lennar Arizona Closes on $11.5 Million Purchase of 148 Finished Lots in Gladden Farms, Marana, AZ
  • High-profile medical office building trades for $23.3M in the greater Phoenix area

Archives

Newsletter

  • 1st Quarter Sales
  • 2020 SoAZ Forecast Competition
  • 2nd Quarter Sales
  • 3rd Quarter Sales
  • 4th Quarter Sales
  • 5905 East Speedway Blvd, Tucson, AZ
  • Account
  • Advertising
  • Annual Site Access Conditions
  • Archives
  • ASP Test
  • displaycomp
  • Executives Prefer CCIM
  • HELP WANTED
  • Home
  • Ina Capital Development
  • Link Page
  • Login
  • MARKET LEADERS – CCIM DESIGNEES
  • Newsletter Subscription
  • Pima County Real Estate Research Council
  • Privacy Policy
  • RED Comps Terms and Conditions
  • Red Leases
  • Registration-Login
  • rss
  • Sample RED Comps
  • Search Comps
  • searchanalytics
  • searchmapselection
  • searchresults
  • searchshortreport
  • SearchTool
  • Southgate Commerce Park
  • Subscription
  • Team Management
  • Terms of Service
  • Test
  • Test Comp Search
  • Thank You
  • Thank You For Subscribing
  • www.realestatedaily-news.com Privacy Policy
  • About Real Estate Daily News

Copyright © 2023 Real Estate Daily News
Website by: Heart and Soul Web Design

Scroll to Top