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Cushman & Wakefield PICOR Handles Sale of Wasko Modern Apts for $6.07 Million

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  • Cushman & Wakefield PICOR Handles Sale of Wasko Modern Apts for $6.07 Million
1st Quarter Sales
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February 23, 2024
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Karen Schutte
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TUCSON, AZ (February 23, 2024) – The Wasko Modern Apartments at 2302 E Fort Lowell sold recently for $6.07 million ($159,737 per unit / $200.46 PSF).  Bult in 1973, the 30,280-square-foot in five 2-story buildings sits on 1.29 acres. It sold in an off-market transaction.

Located at the southeast corner of Fort Lowell and Jackson Ave., just west of Tucson Boulevard. The units' interiors were recently remodeled with new paint and consist of (9) one-bedroom and (29) two-bedroom units.

Community amenities in this gated community include a pool, 24/7 fitness center, business center, and media center. Unit amenities include in-unit washers/dryers, air conditioning, ceiling fans, microwave, refrigerator, oven/range, dishwasher, disposal, and WiFi. Rents range from $1,125 to $1,350 for 690 – 830 square feet.

Allan Mendelsberg and Joey Martines represented the buyer, a California investor, and the seller from Tempe. The transaction closed on February 15, 2024.

For more information, Mendelsberg can be reached at 520.546.2721, and Martinez should be contacted at 520.546.2730.

To learn more, see RED Comp #11143.

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