TUCSON, ARIZONA -- Galeria del Rio, a premiere townhome rental community in Tucson sold to Utah-based, McDonnell Tudor, LLC for $32.025 million ($317,079 per unit). Setting the highest price per unit this year.
Located along the River Road corridor in northwest Tucson, the property is within easy access to Interstate-10, at 5132 N Prairie Clover Trail in Tucson. The property was completed in December 2014 and was 98% occupied at time of sale. Consisting of 101 units with attached two-car garages in two- three- and four-bedroom floorplans.
The property has 101-separate lots, two common areas and a clubhouse/amenity lot developed with the additional exit strategy of converting the rentals into for-sale townhomes.
Galeria del Rio is state-of-the-art design with 9-foot ceilings, open floor plans, private entries and private backyards with masonry walls. The average three- and four-bedroom units at Galeria del Rio are 1,573-square feet. Each unit includes a two-car garage with remote openers.
Unit interiors feature black kitchen appliances package, granite countertops, breakfast bars, kitchen pantries, elegant wood cabinets and brushed nickel fixtures. Also included in each unit are full sized washer and dryer, larger walk-in closets with carpet and ceramic tile floors throughout.
Community amenities include a beautifully designed neighborhood center with gourmet coffee bar, tenant computer area with scanner, complimentary Wi-Fi hot spot, pool, spa with gas Bar-B-Que, and dog park. Property units are individually metered for electric, water and sewer.
Art and Clint Wadlund with Berkadia of Tucson represented the seller, Capital Square Asset Management of VA.
For more information, Art can be contacted at 520.299.7200 and Clint should be reached at 520.615.1100.
To learn more, see RED Comp #8974.