Phoenix, AZ – CBRE has recently completed the sale of Greenridge Apartments, a 72-unit, multifamily property located at 3830 W. McDowell Rd in Phoenix, Arizona. The seller was Woodridge Manor Holding Inc. and the buyer was Greenridge, LLC. Both parties were represented by Brian Smuckler and Jeff Seaman with CBRE Phoenix. Total consideration for the transaction was $2.9 million.
Built in 1986, the Greenridge Apartments is comprised of studio, one-bedroom, two-bedroom and three-bedroom floor plans. Community amenities include a leasing office, laundry facilities, swimming pool and covered parking. The property is conveniently located near the I-10 and I-17 freeways and a short distance from vibrant Downtown Phoenix.