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Jason McCool Spends $47 Mil for a Stadium Vue

2/01/21

Stadium Vue Townhomes, a 163-unit multifamily community in Peoria, AZ, was purchased by Jason McCool for $47.3 mil ($290k/unit). The property was sold by Sunroad Enterprises.

Built in 2007, Stadium Vue Townhomes is a Class A multifamily community featuring all townhome-style units. The community’s amenities include a resort-style pool and spa area with kegerators, 24-hour state-of-the-art fitness center, resident clubhouse, executive business center, picnic areas with gas and charcoal barbeques, parcel pending lockers and a citrus grove.

Located at 7677 W. Paradise Lane in Peoria, Stadium Vue Townhomes is one of three multifamily communities in the P83 Entertainment District. P83 and the adjacent Arrowhead Towne Center super regional mall offer approximately 4.4 msf of walkable amenities, including the spring training facilities for the San Diego Padres and Seattle Mariners.

Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch of CBRE Phoenix Multifamily Institutional Properties represented Sunroad Enterprises in the deal.

“Stadium Vue Townhomes is an excellent Class A asset with the potential to add value to a well-located community,” said McCool. “The multifamily fundamentals in Phoenix are among the best in the country and this community is ideally positioned to benefit from strong demand in the region.”

Jason McCool is the founder of Executive Coatings and Contracting LLC (ECC), one of the largest multifamily renovation firms in the West. Founded in 1977, San Diego-based Sunroad Enterprises has developed, owned, and operated successful office, multifamily, resort, retail, land and industrial projects.





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