TUCSON, AZ (December 17, 2024) -- Allan Mendelsberg and C. Joey Martinez, Principals and Multifamily Specialists with Cushman & Wakefield | PICOR, represented both parties in the following transactions totaling $8,715,000 for 88 units.
Meadow East & West, LLC purchased a 47-unit multi-family portfolio from RN AZ Holdings LLC. The portfolio, including Meadow West, 1545-1591 N. Santa Rita Ave. and Meadow View, 601 E. Lee St., sold for $4,925,000 ($104,787 per unit).
The Derby Townhomes, LLC purchased Mesquite Grove Apartments, a 29-unit apartment complex located at 1620 E Adelaide Dr. & 1651 E Glenn St., in Tucson. The 21,000-square-foot complex was purchased from Glenwood Village Apartments LP for $2,600,000 ($89,655 per unit).
The Foundry Apts, LLC purchased Winstel Apartments, a 12-unit apartment complex located at 3322 N. Winstel Blvd., in Tucson. The 8,950 square-foot complex was purchased from Winstel, LLC for $1,190,000 ($99,167 per unit).
For more information on these transactions, Mendelsberg can be reached at 520.546.2721 and Martinez is at 520.546.2730.
To learn more, subscribers should refer to RED Comp #11566, #11581 and #11645.