PHOENIX, Arizona – Cushman & Wakefield announced that Scottsdale-based CCA-El Conquistador Apartments, LLC purchased El Conquistador Apartments, located at 1881 East Irvington Road in Tucson, Arizona, for $7.5 million ($37,313 per unit) from Oksenholt F&S Tucson I LLC of Lincoln City, Oregon
David Fogler, Steven Nicoluzakis, Brent Mallonee, Chris Hollenbeck and Regan Amato of Cushman & Wakefield Phoenix represented the buyer.
“The El Conquistador represented an excellent value-add opportunity for the buyer, who was attracted to the property because of the quality of the asset and the location,” said David Fogler.
El Conquistador is a 201-unit, garden-style apartment community consisting of 12, two-story buildings. Spanning 6.75 acres, the property is approximately 81,074-square-feet and features studio, one- and two-bedrooms in four individual floor plans averaging 403-square-feet.
Located in southern Tucson, El Conquistador is on the northwest corner of Campbell Avenue and Irvington Road.