CBRE Sells Four Phoenix Multifamily Properties for more than $7.8 Million

image_pdfimage_print
CBRE portfolio sale
Ritz Towers, Pheonix, AZ

Phoenix, AZ –CBRE’s Multifamily Investment Properties’ Brian Smuckler and Jeff Seaman have completed four transactions in Phoenix totaling more than $7.8 million.

  • North Point Condominium: 59 of the 86 condominiums located at 6315 North 16th Street in Phoenix were sold for $4.1 million ($69,492 per unit). The primary seller was AZ OPP CONDO, LLLP of Phoenix. The buyer was North Point Partners, LLC of Scottsdale, Ariz.
  • Pasadena Gardens: A 21-unit community located at 320 West Pasadena Avenue in Phoenix was sold for $1,689,000 ($80,429 per unit). The sellers were Russell and Elizabeth Tracy of Port Hueneme, Calif. The buyer was Clear Sky Capital V, LLC of Phoenix.
  • Sir John’s: A 14-unit community located at 3141 North 37th Street was sold for $1.1 million $78,571 per unit). The seller was VIA CASABLANCA, LLC of Phoenix. The buyers were Douglass and Lauralee Rikkers of Wheat Ridge, Colo.
  • Ritz Towers: A 14-unit community located at 328 East Willetta Street was sold for $950,000 ($67,857 per unit). The seller was JMRS RITZ, LLC of La Jolla, Calif. The buyer was The Ritz 328, LLC of Santa Rosa, Calif.

For more information, Smuckler can be reached at 602 735.5688 and Seaman should be contacted at 602 735.5634.