Tucson, AZ – Tolu Real Estate, Inc., Jason Tolu, principal, paid $9.5 million ($47,264 per unit) to buy the 201-unit La Mirada apartments located 4415 E. Grant Road in Tucson, Arizona. The seller was a limited liability company formed by Chris Monson, principal. The complex was built in 1973 and renovated in 2007.
The deal was brokered through Bill Hahn, Jeff Sherman and Trevor Koskovich (HSK) of Colliers International in Phoenix. Pima County records show the buyer acquired the property with a new loan issued by Opus Bank of Phoenix, Arizona.
Phoenix, AZ – Phoenix Avalon LLC, (Zev Hendeles, principal) paid $8.35 million ($71,368 per unit) to buy the 117-unit Avalon apartments located 3851 N. 28th Street in Phoenix, Arizona. The seller was Westwood Management LLC, (Stephen Davis, principal). The complex was built in 1973.
The deal was brokered through Bill Hahn, Jeff Sherman and Trevor Koskovich (HSK) of Colliers International in Phoenix. Maricopa County records show the buyer acquired the property with a new loan issued by Artemis Realty Capital of Phoenix, Arizona.
For more information, reach the Colliers HSK Multifamily Team at 602.222. 5000.