The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
September 22, 2021
 Search RENTV
   Go!
 The REview
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



HOME PAGE NEWS
Printer-friendly Version   Email an Associate
Mesa Multifamily Property Generates Sale Price of $325k per Unit

8/05/21

Superstition Canyon, a 200-unit multifamily community in Mesa, AZ, was acquired by a SoCal-based investor for $65 mil ($325k/unit). The property is located at 1247 S 96th St, just north of Hwy 60.

Built in 2010, Superstition Canyon features a resort-style heated pool with TV, fireplace and barbeques. The property also boasts a sauna, fitness center, clubhouse with billiards table, business center, basketball court, sand volleyball court, and gated dog park.

CBREs Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch of Phoenix Multifamily Institutional Properties represented the seller, KB Development, an OC-based based real estate development company.

Over the last three years, Phoenix has consistently been one of the top U.S. metros for multifamily rent growth. The average multifamily rent in Phoenix increased 5.3% year-over-year in Q1 2021. In East Mesa, multifamily rent increased 6.5%, according to CBRE research.




Return to the previous page


 


 


 


 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2021 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media