INDIGO CONDOS IN PHOENIX SELLS FOR $4.2M

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PHOENIX – The 30-unit Indigo multifamily community in the Phoenix submarket of Ahwatukee has sold to Goodman Real Estate for $4.2 million. The fractured Class A condominium is located at 16160 S. 50th Street. Though 17 of Indigo’s units had previously sold as condos, the new owner plans to pursue these assets as well. The community can also hold an additional 78 units, which Goodman plans to develop soon. The seller, Sabal Financial Group, was represented byJohn Cunninghamand Charles Steeleof the Jones Lang LaSalle Phoenix Capital Markets Team.

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