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TEXAS/SOUTHWEST NEWS
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Tuscon Multifamily Property Trades for $91k/Unit

4/26/17

Casa Madera, an 80-unit res property in Tucson, AZ, sold for $7.3 mil, or $91.3k/unit. The property is located at 7374 North Mona Lisa Rd, north of Ina Rd and east of I-10.

Built in 1995, the property offers a mix of one-, two-, and three-bedroom floor plans. Each unit features air conditioning, an all-electric kitchen, pantry, wood-burning fireplace, and washer and dryer. Community amenities include a clubhouse with a kitchen, fitness center, swimming pool, spa, and basketball court.

The buyer was San Diego-based Atlas Management. Art Wadlund and Clint Wadlund of Berkadia represented the seller, Lippow Company, out of Martinez, CA.





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