Quail Park of Oro Valley Sells for $36.5 Million

image_pdfimage_print

ORO Valley, Arizona – The newly constructed Quail Park of Oro Valley was sold to a New Jersey Investment Group PGIM Real Estate (Luke Gabay, vice president) for $36.5 million ($361,386 per unit) for the 101-units at 9005 N Oracle Road n Oro Valley.

Located between Hardy and Calle Concordia on Oracle Road, the 83,059-square-foot Quail Park at Oro Valley’s design features a flat roof, mixture of stucco and brick with intricate parapets, that reflects the historical territorial architecture in Oro Valley. The two-story senior community has an “H” plan configuration with central common areas tailored to assisted living and memory care residents.

The unit mix consists of (38) Studios of 440-square-feet each, (43) one-bedroom units of 600-square-feet each, and (20) two-bedroom units of 875-square-feet.

Residents enjoy a wide variety of amenities, including: bistro, movie theater/ chapel, grand parlor complete with billiards, poker and ping pong, fitness center, full service salon, 2 outdoor courtyards, washer & dryer in every Independent and Assisted Living apartment, walk-in showers with built-in shower benches and pet therapy. All Memory Care Private Suites include a private bath.

The property was constructed by CA Ventures of Chicago (Tom Scott, CEO) in 2018.

To learn more see RED Comp #6876.