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5/12/25
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Scottsdale-based MC Companies has purchased The Core Scottsdale, a 282-unit, Class A luxury multifamily community in North Scottsdale. The asset, located at 15333 Hayden Rd, was sold by a Canadian-based institutional investor.
Built in 2018, the community features four-story wrap construction, condominium-quality interior finishes, and sophisticated amenities including a rooftop pool with expansive city and mountain views.
Individual residences feature 9-foot ceilings, luxury vinyl plank flooring, modern pendant lighting, nest thermostats, front-loading washer and dryer and spacious bedrooms large enough for a king-sized bed. Gourmet kitchens include quartz countertops with undermount sink and gooseneck faucet, stainless steel GE appliances, gas cooktops, custom cabinetry with under-cabinet lighting, tile backsplash and wine refrigerator.
The community is located in the heart of the Scottsdale Airpark Employment Corridor. It has one of the most walkable locations in the area with approximately 2 msf of amenities within several blocks including more than 30 contemporary restaurants and bars.
CBRE's Matt Pesch, Asher Gunter, Sean Cunningham and Austin Groen represented the seller in the deal. According to Pesch, MC Companies was in a 1031 exchange and the community was an excellent fit for their long-term hold strategy. The price was not disclosed.
“North Scottsdale is one of the most dynamic multifamily submarkets in the West and the community presented an exceptionally attractive opportunity to expand our footprint in Metro Phoenix. Acquiring in this location is not just a strategic investment, it is an opportunity to anchor long-term value in one of Arizona’s most resilient and affluent communities,” said Charlie Koznick, Chief Investment Officer at MC Companies.
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