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MESA, TEMPE AND PHOENIX, ARIZ. — Phoenix-based Taylor Street Advisors has arranged the sales of three multifamily communities in Arizona for a total of $8.7 million.
Brian Tranetzki and Anton Laakso of Taylor Street Advisors represented the sellers, local private capital owners, and the buyers, local syndicators and professional investors, in the transactions.
The transactions include:
- The $3.6 million, or $200,000 per unit, sale of Williams Apartments at 530-538 N. Williams in Mesa. The property features 18 two-bedroom/one-bath units.
- The $3.5 million, or $250,000 per unit, sale of Don Carlos Apartments at 1825 E. Don Carlos Ave. in Tempe. Don Carlos Apartments offers 12 one-bedroom units and two two-bedroom units.
- The $1.6 million, or $174,444 per unit, sale of Coolidge Apartments at 2416 W. Coolidge St. in Phoenix. The community features one studio, six one-bedroom units and two two-bedroom/two-bath units.
According to Taylor Street Advisors, the buyers plan to renovate each property, which are all individually metered for electric with individual HVAC units.