The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
March 28, 2024
 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?





MULTIFAMILY NEWS
Printer-friendly Version   Email an Associate
AZ Apartment Property Goes for $43k/Unit

2/26/18

An AZ-based investment entity paid $6.2 mil for Canyon Palms, a 143-unit ($43k/unit) multifamily apartment building situated just west of Black Canyon Fwy in Phoenix. The seller, Monte Vista Gardens LLC, is also an AZ-based private investor.

The property consists of all one-bedroom units and is master-metered. Canyon Palms is conveniently located along the Black Canyon Freeway, placing residents within a short commute of numerous shopping centers, health care providers and Grand Canyon University.

The buyer plans to first tighten up operations, update interiors as they turn, and improve onsite amenities with a dog run and playground.

Darrell Moffitt, Ric Holway and Dan Cheyne of Berkadia’s Phoenix office represented the seller in the transaction. The buyer was Canyon Palms Enterprises LLC.





Return to the Archive 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 © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media