The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
November 30, 2023
 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?



ETC... ETC...
Printer-friendly Version   Email an Associate
Signature Properties Picks Up Scottsdale Multifamily Property for $30 Mil

11/15/21

Signature Properties has purchased The 89 on Hayden, an 89-unit multifamily property in Scottsdale, AZ, for $30.1 mil ($338.2k/unit). The deal was financed with a loan for $15.7 mil.

The 89 on Hayden, located at 2240 North Hayden Rd, sits within a prominent and affluent live, work, play neighborhood in the Scottsdale submarket of Phoenix. The property was completed in 2021 and is in proximity to Scottsdale Fashion Square and Old Town Scottsdale. The property features studio, one-, and two-bedroom apartments with nine-foot ceilings and fully equipped kitchens.

Common area amenities include a resort-style swimming pool, state-of-the-art fitness center, modern leasing office, co-working space, parcel delivery room, barbeque grilling stations, Blink EV charging stations, and covered parking.

CBRE’s Dixie Hall represented Signature Properties in the purchase of the property. Scott Peterson and Morgon Fraser, also with CBRE, arranged the seven-year floating rate debt provided by Freddie Mac on behalf of the buyer.

The metro Phoenix area continues to experience pent-up multifamily investment demand from both local and out-of-state capital due to robust employment growth, net in-migration and strong market fundamentals, according to CBRE research.





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 © 2023 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media