PHOENIX—Cushman & Wakefield of Arizona's Multifamily Advisory Group recently negotiated the $25.5 million sale of The Colonnade Apartments, a 415-unit multifamily property located at 1930 E. Camelback Rd.
Built in 1968-1973, The Colonnade is an urban, garden-style apartment community located in the heart of the Camelback Corridor, providing a live-work-play experience for residents. The property is 257,648 square feet with 27 buildings and features studio, one- and two-bedroom floor plans.
The property benefits from drive-by exposure on Camelback Road with ease of access to the SR-51 and close proximity to the high-end office complexes at 24th Street and Camelback Road. It is also within one-half mile of the Biltmore Fashion Park and the Biltmore Resort and Golf Course.
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