Fiesta Park Apartments, Phoenix

March 17, 2017 Comments Off on BH Properties Sells Multifamily for $20M Views: 453 Arizona, National News, Southwest

BH Properties Sells Multifamily for $20M

BH Properties sold the 320-unit Fiesta Park Apartments in Phoenix to a California real estate company. The Los Angeles-headquartered seller, represented by Bill Hahn, Jeff Sherman and Trevor Koskovich of Colliers International in Greater Phoenix, walked away from the deal with $20 million. Mark Forrester and Ric Holway of Berkadia-Phoenix represented the buyer, INCO Real Estate Co., which is based in Long Beach, CA.

Fiesta Park Apartments is at 1033 S. Longmore Rd., and was 93% occupied at time of sale. Situated on 8.8 acres, the property consists of 10, three-story buildings containing one and two-unit apartments with an average size of 1,000 square feet. The asset delivered in 1979, and also offers covered parking, a clubhouse and a playground.

Connect With Colliers’ Hahn

Connect with Berkadia’s Forrester

Subscribe to Connect Daily National

For comments, questions or concerns, please contact Amy Sorter

Share on FacebookTweet about this on TwitterShare on LinkedInEmail this to someone

Tags: , ,

Comments are closed.