HSL DS Properties, an affiliate of HSL Properties of Tucson (Omar Mireles, President) sold Desert Springs Apartments at 6710 E Golf Links Road in Tucson to a California private investor for $11.05 million ($44,556 per unit).
The 248-unit Desert Springs has (168) one-bedroom and (80) 2-bedroom apartment homes in 150,046-sqaure-feet was constructed in 1985 on 7.43 acres. All upstairs apartment homes have vaulted ceilings and skylights creating extra light and roominess. Community amenities include swimming pool, hot tub, fitness center and manicured grounds.
Located between Wilmot and Kolb on Golf Links, the community is just minutes from DMAFB, Tucson International Airport, I-10, shopping, dining and entertainment. Surrounded by everything a quality lifestyle can offer, the property was 94% occupied when it sold.
This is not the first investment for the buyer, Shalom Babay of Beverly Hills, who also owns other properties in Arizona.
Hamid Panahi, Steve Gebing and Cliff David of Marcus & Millichap in Phoenix represented HSL in the transaction and Lane Schwartz of Marcus & Millichap in Los Angeles represented the investor.
For more information, Panahi, Gebing and David should be reached at 602.687.6700. Schwartz can be called at 310.909.5500.
To learn more, see RED Comp #3690.