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PHOENIX — Marcus & Millichap has arranged the sale of Desert Willow, an apartment property located in Phoenix. A limited liability company sold the asset to an undisclosed buyer for $20.7 million.
Located at 2025 W. Indian School Road, Desert Willow features 280 apartments in a mix of 128 studio units, 144 one-bedroom units, four two-bedroom/one-bath units and four two-bedroom/two-bath units. The 133,308-square-foot property was built in 1973 and partially renovated in 2012. It also underwent an extensive infrastructure replacement campaign between 2015 and 2019.
Pete Te Kampe of Marcus & Millichap’s Phoenix office represented the seller in the deal.