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

Berkadia Completes Two Tucson Apartment Sales worth $41.7 Million

  • Home
  • Archive
  • Berkadia Completes Two Tucson Apartment Sales worth $41.7 Million
3rd Quarter Sales,Archive
/
October 6, 2016
/
Karen Schutte
image_pdfimage_print
The Springs at Silverbell
The Springs at Silverbell, 7759 N Silverbell Rd, Tucson, AZ

TUCSON, AZ -- Scottsdale-based, Bascom Arizona Ventures, through affiliate Silverbell Property Investor LLC (Glenn Daiutolo and Jerry Finney, Managing Directors) bought The Springs at Silverbell Apartment at 7759 N Silverbell Road in Tucson for $31.5 million ($108,621 per unit).

The Springs at Silverbell Apartment Homes is a 290-unit garden-style apartment project located in the northwestern part of Tucson, offering spectacular mountain views. The complex offers a variety of six floor plans of studios to 3-bedrooms. The Springs at Silverbell was built in 2002 with 27 two-story buildings on 18-acres.

Community amenities include a clubhouse, two attractive swimming pools with cabanas, two spas, a 24-hour fitness center, conference room, business center, theater room, basketball court, and barbecue areas with picnic tables. Unit amenities include nine-foot ceilings with a ceiling fan, a ceramic tiled entry, Energy Star appliances, a microwave, electric range, dishwasher, ice maker, disposal, built-in wine rack, linen closet, large master bedroom, walk-in closet, garden-style tub, full-size washer and dryer, spacious patio or balcony, and all units are cable-ready. Select units include a pantry, breakfast bar, separate dining area, private garage, and built-in storage.

The seller was Silverbell 290 Limited Partnership of Sun Lakes, AZ (Steven Robson, principal).

Palomino Crossing, 750 E Irvington Rd., Tucson, AZ
Palomino Crossing, 750 E Irvington Rd., Tucson, AZ

California-based Pacific Equities Capital Management through affiliate Pacific Palomino LLC purchased the Palomino Crossing Apartment Homes at 750 East Irvington in Tucson for $10.2 million ($42,500 per unit).

Palomino Crossing is a 240-unit garden style apartment project located in the southern part of Tucson, AZ. The property is located near Tucson International Airport and several Call Centers and other employers who offer employment to the resident profile attracted to the property. Palomino Crossing consists of one- and two-bedroom units.

The complex is built on 8 acres with common area amenities that include two recently remodeled club houses, fitness center, two pools, multi-purpose turf field, horseshoe pit, dog park, and playground.

The seller, Summit Partners LLC an affiliate of Summit Equity Investments of Los Angeles, California (Joseph Rosen, President / co-founder) purchased the property December 2012.

Brokers representing Sellers for both Palomino Crossing and The Springs at Silverbell were Art Wadlund, and Clint Wadlund with Berkadia in Tucson and Mark Forrester, Ric Holway with Berkadia in Phoenix.

For additional information contact Forrester at 602.912.1630 and Holway at 602.912.1633; Art Wadlund can be reached at 520.299.7200 and Clint Wadlund is at 520.615.1100.

To learn more, see RED Comp #4198 and #4165.

Palomino Crossing aerial view
Palomino Crossing aerial view

Share Now!

Recent Posts

  • Tucson Rent Report: October 2023
  • Harvard Investments acquires 1,864-acre King Ranch in Goodyear, AZ
  • PACC teams up with BISSELL Pet Foundation to “Empty the Shelters”
  • Black Rock Coffee Bar Expands Presence in Arizona with Grand Opening of New Gilbert Location
  • Consumer Confidence Falls Again in September

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