March 22, 2017
Canadian investor Western Wealth Capital continued widening its Phoenix-area portfolio, with the acquisition of the 213-unit Terrace Park Apartments. The buyer paid seller BH Properties of California $14.2 million for the Class B complex at 8130 W. Indian School Rd. in West Phoenix.
Trevor Koskovich, Jeff Sherman and Bill Hahn of Colliers International in Greater Phoenix negotiated the transaction between the seller and buyer, which owns approximately 20 apartment properties throughout the Phoenix area.
Terrace Park Apartments delivered in 1984, and is situated on 8.6 acres. The one and two-bedroom units were 92% leased at the time of sale. Amenities include parking spaces, a pool, and a children’s playground.
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