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CBRE Brokers $45.2M Sale of Avia 266 Apartments in Metro Phoenix

Avia-266-Mesa-AZ

Avia 266 in Mesa, Ariz., features 266 units, two swimming pools, a fitness facility, resident clubhouse, an outdoor gaming space with a bocce ball court and a dog park.

MESA, ARIZ. — CBRE has brokered the sale of Avia 266, a multifamily property located at 2354 W. University Drive in Mesa. Seattle-based Thayer Manca Residential sold the property to Beverly Hills, Calif.-based Geringer Capital for $45.2 million.

Avia 266 features two swimming pools, a 24-hour fitness facility, resident clubhouse, an outdoor gaming space with a bocce ball court, parcel pending locker for resident packages and a dog park. The property features 266 one- and two-bedroom units with well-appointed kitchens, walk-in closets, full-size washers/dryers and private patios or balconies.

Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch of CBRE’s Phoenix Multifamily Institutional Properties represented the seller in the deal.

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