Summit Equity Investments Buys Paseo Del Sol Townhomes for $8.4 Million

Summit Equity Investments of Los Angeles purchased Paseo Del Sol Townhomes located at 6280 S. Campbell Ave. in Tucson for $8.4 million ($54,934 per unit, or $50 PSF).

Paseo Del Sol Townhomes is part of a larger property which includes two additional phases, Las Montanas Phase I (aka Rancho Del Mar) and Trinity Place, formerly known as Las Montanas Phase III. Phase I and phase III area owed by a private party who differs from the Seller.

Paseo Del Sol Townhomes is a partially gated community, built in 1994, consisting of 152-units in 38, 2-story, townhome-style buildings. totaling approximately 167,200-square-feet. The property features three- and four- bedroom units in two individual flooor plans averaging 1,100-square-feet.

Unit amenities include air conditioning, dishwashers, disposals, breakfast bars, self-cleaning ovens, private entries, private patios, vertical blinds, full-size washer / dryer connections and outside storage. All units are cable-ready. Additionally, all three-bedroom units feature vaulted ceilings. Wood-plank flooring is available in the majority of the units, with the remaining being completed at the turn.

Community amenities include a swimming pool with a sundeck, dog park, laundry facility and barbecue grills.

The townhomes have been 95% to 100% occupied over the last six months.

The seller was Bayview Loan Servicing LLC of Coral Gables, FL.

Art Wadlund and Clint Wadlund of Berkadia’s Tucson office negotiated the transaction.

To learn more Wadlunds can be reached at 520.529.9206.