PHOENIX-Marcus & Millichap in Phoenix has closed the sale of two multifamily properties in the Phoenix area. Mountainside Apartments LLC has bought the 288-unit Mountainside community at 3625 E. Ray Road in Ahwatukee for $32 million and Chandler Meadow Partners LLC has bought the 200-unit Chandler Meadows community at 3175 N. Price Road in Chandler for $12.6 million.
Phoenix Commercial Investments LLC sold the Mountainside community for $111,111 per unit and PMCF Properties LLC sold the Chandler Meadows community for $63,000 per unit. For the full story, go to Phoenix Business Journal .
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more inforrmation visit Asset & Logo Licensing.
