Salt Lake City Capital Heads to Phoenix

Salt Lake City-based Sundance Bay has acquired the Solano Vista Apartment community in the Glendale submarket of Phoenix for $30.8 million. The property has 352 units.

Located at 7102 N. 43rd Ave., Solano Vista was recently re-branded Solano Vista and has undergone extensive exterior renovations and features a myriad of amenities, including a fitness center, clubhouse, dog park playground, four swimming pools, multiple laundry facilities, barbeques, covered parking and secured gate access. The property features a majority studio and one-bedroom floor plans and is partially master-metered for electricity.

Brian Smuckler, Jeff Seaman, Derek Smigiel and Bryson Fricke of CBRE in Phoenix represented the seller, Phoenix-based 3rd Ave Investments, and the buyer in the deal.