300-UNIT MULTIFAMILY COMPLEX SELLS FOR $32.5 MILLION

TUCSON, ARIZ. — Santa Barbara, Calif.-based Nevins Adams Lewbel Schell (NALS) has acquired Finisterra, a 300-unit apartment complex in Tucson, for $32.5 million. Located at 6795 E. Calle La Paz, the community consists of 21 two-story, garden-style buildings totaling approximately 289,545 square feet. The property features one-, two- and three-bedroom units in five individual floorplans. Community amenities include a clubhouse with kitchen, computer room, heated swimming pool, spa, fitness center and barbeque area. Units feature 9-foot ceilings, air conditioning, dishwashers, disposals, frost-free refrigerators with icemakers, private balconies/patios and washer/dryers. The seller was Tucson-based Finisterrra Community I LLC. Art Wadlund of Hendricks & Partners’ Tucson office brokered the transaction.