X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

PHOENIX-A 52-unit apartment complex in central Phoenix pulls more than $66,000 per in a $3.4-million sale to Berkeley, CA-based investor, Shaler Phoenix LLC.

Geoffrey Smith is the leader of the LLC that bought the Kensington Apartments at 810 E. Colter St. Eric Hamburger of Oppenheimer Partners Properties LLC, a local entity, is the seller. Ric Holway of Marcus & Millichap in Phoenix negotiated the deal for the seller while the firm’s San Francisco office represented the buyer.

The complex is positioned north of Camelback Road, near the northeast corner of 7th and Colter streets. It is about a mile west of the Squaw Peak Parkway. Nearby amenities include Chris-Town Mall, Camelback Colonnade, Town & Country retail mall and Biltmore Fashion Park. It’s also near the Camelback Corridor, which runs roughly from the Squaw Peak Parkway to 40th Street and includes some of the Valley’s best restaurants, shopping and companies.

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
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. Apartments 2020Event

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

Get More Information
 

GlobeSt

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 © 2020 ALM Media Properties, LLC. All Rights Reserved.