June 27, 2019
Acacia Capital Corp. paid $67 million to buy Sonoran Vista, a 264-unit, Class A multifamily property in Phoenix’s North Scottsdale submarket. Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch with CBRE represented the seller, Aukum Group, in the transaction.
Aukum Group, headquartered in San Francisco, owned the complex at 9340 E. Redfield Rd. for five years. The property is situated on the eastern border of the Greater Scottsdale Airpark, a major employment hub in the Valley. Developed in 1996, Sonoran Vista offers one-, two- and three-bedroom apartments, along with a resort-style swimming pool with spa, clubhouse and coffee bar and kitchen, a fitness center and resident business center.
“Approximately one-third of the units at Sonoran Vista are two-bedroom, two-story townhome units with direct access garages, which is rare for North Scottsdale,” Gunter said. “This kind of a unique asset in a top-performing multifamily submarket generated significant interest.”
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