NAI Horizon’s Tucson office negotiates  $15.5M sale of the Galeria de Coronado, Sierra Vista

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TUCSON, ARIZ. – NAI Horizon brokered the multifamily investment sale of Galeria de Coronado in Sierra Vista for $15.5 million.  This property is comprised of 15 single family and 75 townhome units located at 1016 Sentinel Peak Road, Sierra Vista, Arizona.

Justin Lanne and Mike Chapman with NAI Horizon’s Tucson office, represented GDC Townhomes, LLC the sellers and GDC SV LLC, the buyers, closed escrow on the investment property on September 15.

Lanne said “The Galeria de Coronado escrow was longer than most multifamily transactions. The due diligence period was elongated inasmuch as third party reports and inspections were delayed due to COVID 19. Once protocols were implemented, the path to close proceeded in a normal manner.

For more information Lanne can be contacted at 520 907 3470 and Chapman is at 520 591 5188.

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