PHOENIX—Sendero Ridge, located at 945 West Broadway Road inMesa, sold for $15 million. The seller was Pimal PropertyInc. of New York. The buyer was 945 W. BroadwayRd., LP of Toronto. Mark Forrester andRic Holway ofHendricks-Berkadia's Phoenix office negotiated thetransaction.
The sales price reflects a per-unit price of $52,083 or $78 persquare foot. The property was 96% occupied at the time of sale.
Built in 1986, the 288-unit property features one- andtwo-bedroom floor plans and is situated on 12 acres of land.Additionally, the property amenities include a swimming pool,laundry facility, barbecue grills, volleyball court and extrastorage. Each unit offers fully-equipped kitchens, cable-access,air conditioning, walk-in closets, ceiling fans, balconies andpatios.
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