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Bridge Investment Group Buys Onnix Apartments in Tempe for $77M

The community was developed in two phases as the 375-unit Onnix West and the 284-unit Onnix East.

The community was developed in two phases as the 375-unit Onnix West and the 284-unit Onnix East.

TEMPE, ARIZ. — Bridge Investment Group has purchased the 659-unit Onnix apartment property in Tempe for $77 million. The community is located at 1440 and 1500 E. Broadway Road. Onnix was built in 1984, one mile from a Valley Metro light rail station. It was developed in two phases as the 375-unit Onnix West and the 284-unit Onnix East. Cliff David and Steve Gebing of Institutional Property Advisors represented both the buyer and institutional seller in this transaction.

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