Bella Verde Apartments at 3030 N 35th Avenue in Phoenix closed at a sale price of $4.4 million ($24,309 per unit).
The 181-unit apartment complex is approximately 71,760-square-feet and was built in 1978. Bella Verde is a garden style-rental community situated on approximately 4 acres. This multifamily asset is ideally located neat Gran Avenue, I-17 and I-10 Freeways, providing convenient access to many other Phoenix metropolitan cities and amenities.
“This sale of Bella Verde Apartments marks the third successful closing for us on this property since April 2010,” says Neil Sherman. “The buyer was a perfect fit for the asset, having recently sold a similar property in Central Phoenix.”
Neil Sherman and Danny Lee, Principals with Sperry Van Ness of Phoenix represented the seller, Sans Souci Apartments, LLLP. The buyer was represented by Pete TeKampe, Vice-President of Investments at Marcus & Millichap of Phoenix.
Sherman and Lee should be contacted at (480) 425-5500. TeKampe can be reached at (602) 687-6767.