LA PRIVADA AT SCOTTSDALE RANCH TRADES HANDS FOR $32 MILLION

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NORTH SCOTTSDALE, ARIZ. — La Privada at Scottsdale Ranch, a 350-unit multifamily property, has traded hands for $32 million. Located at 10255 E. Via Linda in North Scottsdale, the property was acquired by an affiliate of ConAm Group of San Diego. The seller was Scottsdale, Ariz.-based 10255 East Via Linda LLC. The property features two swimming pools, a spa, a picnic and barbeque area, tennis courts, putting greens, a clubhouse, a fitness center and a business center. At the time of acquisition, the community was 93 percent occupied. Tyler Anderson and Sean Cunningham of CB Richard Ellis’ Phoenix office represented the seller in the transaction. Rocco Mandala of CBRE|Melody arranged financing for the acquisition.

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