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January 26, 2020
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Scottsdale, AZ Res Complex Acquired for $18 Mil by Local Investor


The Winfield of Scottsdale, a 95-unit apartment complex in Scottsdale, AZ, was purchased by a Michigan-based investment entity for $18.3 mil, or $192.6k/unit. The property is located at 8021 East Osborn Rd, west of Route 101.

Built in 1969 and located in Old Town Scottsdale, The Winfield of Scottsdale has been fully renovated. The property offers one- and two-bedroom apartments, with four unique floor plans, featuring midcentury modern architecture, private patios and state-of-the-art kitchen with stainless steel appliances and Caesar stone countertops. Community amenities include a resort-style swimming pool, fitness center, dog park, grilling stations and proximity to dining, shopping and entertainment.

David Fogler and Steven Nicoluzakis of Cushman & Wakefield represented the buyer, Winfield Apartments of Scottsdale LLC (Farhad Shokoohi, Principal). The property was sold by Scottsdale-based Winfield Apartments, LLC (Tanner Bickelhaupt, Principal).

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