C&W Picor Team Handles Four Multifamily Transactions totaling $3.84M

3493 E. Lind Rd., Tucson

TUCSON, ARIZONA — The Multifamily team of Allan Mendelsberg and Daniel Leibsohn, with Cushman & Wakefield | PICOR handled the following multifamily transactions with an aggregate of $3.84 million and 103-units in four closings over a 3-week period recently.

Palo Verde by Bakerson, LLC purchased Palo Verde Apartments, a 52-unit complex located at 3493 E. Lind Rd. in Tucson from DLGS Jak Properties, LP for $1.56 million ($30,000 per unit).  The property was almost 65% occupied. Allan Mendelsberg and Daniel Leibsohn with Cushman & Wakefield | PICOR handled this transaction.

930 N. 7th Ave., Tucson

Francis Xavier Deziel purchased 7th Avenue Apartments, a 12-unit complex located at 930 N. 7th Ave. in Tucson from Albert B. & Carolyn A. Lecocq for $800,000 ($66,666 unit).  Property was 100% occupied. Allan Mendelsberg and Daniel Leibsohn with Cushman & Wakefield | PICOR handled this transaction.

1220 N Venice Ave., Tucson

William Jason Colwell purchased Tumbleweed Apartments, a 14-unit complex located at 1220 N Venice Avenue and 1221 N Roberts Way in Tucson from Andrew Pongratz for $630,000 ($45,000 per unit). Property was 93% occupied. Allan Mendelsberg and Daniel Leibsohn with Cushman & Wakefield | PICOR represented the seller and Kathy Baldauf with Re/Max represented the investor.

2438 N Palo Verde Ave., Tucson

James Brody from San Diego purchased Palo Verde View Apartments, a 25-unit complex located at 2438 N Palo Verde Ave. in Tucson from 2438 N Palo Verde Ave LLC, an affiliate of SVP Holdings for $846,000 ($33,840 per unit). Property was 100% occupied. Allan Mendelsberg and Daniel Leibsohn with Cushman & Wakefield | PICOR represented the seller and Cody Evans with Southcoast Commercial represented the investor.

For more information, Mendelsberg should be reached at 520.546.2721 and Leibsohn is at 520.546.2740.

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