Thank you for sharing!

Your article was successfully shared with the contacts you provided.

PHOENIX-A 16-unit garden apartment complex in Phoenix has brought $700,000 for its locally based owners. The complex went under contract within hours of coming on the market.

Grezgorz and Zofia Rossner, Chicago-based investors, hold the title to the Colter Gardens Apartments, situated at 1545 W. Colter St. The sale price equates to $43,750 per unit.

The project is positioned north of the northwest corner of 16th Street and Camelback Road. Pete TeKampe of Marcus & Millichap’s Phoenix office says the whirlwind deal came about because the complex is well located and is fully leased. Each of the units total 900 sf and have two bedrooms and one bath.

Colter Gardens Apartments Villa LLC, headed by John and Marian Keogele of Phoenix, is the seller of record. TeKampe represented both sides of the transaction.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


GlobeSt. APARTMENTS Fall 2021Event

Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.