Portofino Apartment Homes in Tucson Sold for $6 Million


1702 W 36th StMission Sierra II, LLC (J Guy Farthing, manager) the owner of Mission Sierra Apartments at 2410 S Mission Road in Tucson purchased adjacent Portofino Apartment Homes at 1702 W 36th Street in Tucson for $6 million ($30,457 per unit). The 142,012-square-foot complex in 17 buildings that sit on 7.58 acres.

The 197-unit complex consists of one- two- and three-bedroom units with four floor plans. Built in 1985, the property was last sold in 2005 for $5.8 million.

Community amenities include a pool and spa, on-site laundry facility, personal storage units and covered parking. There are also barbeque areas, a playground w/ large courtyard and a half-court basketball facility. Also available is free faxing/ copying, package acceptance, 24-hour emergency maintenance and onsite staff.

Located on 36th Street west of Mission Road, the community is conveniently located on a bus line and a short distance from 1-10 and I-19.

Art and Clint Wadlund of Berkadia Real Estate Advisors in Tucson represented the seller, Seattle-based, Portofino ICG Apartment Portfolio III, LLC (Michael Christian, manager).

For additional information, Art Wadlund can be reached at 520.299.7200 while Clint Wadlund should be contacted at 520.529.9206.

To learn more, see RED Comp #3483.