Andante Apartments in Ahwatukee Sold for $145.25M

Article originally posted on AZ Big Media on January 13, 2021

In the largest multifamily sale in over two years, the Andante Apartments in Ahwatukee were sold for $145.25 million, or $252,170 per unit. According to the commercial real estate tracking website Vizzda.com, the last multifamily transaction this large was the $142 million sale of the Vaseo Apartment Homes in north Phoenix in 2018.

Andante Apartments are located at 15801 S. 48th St., near the Loop 202 interchange with I-10 in Phoenix. San Diego-based MG Properties purchased the complex from Security Properties. MG Properties now has nine apartment complexes in its Phoenix portfolio.

The complex features 576 units in 32, 3-story buildings that total 509,928 square feet. The complex was built in 2001 and features gated entries, three pools, garage access and covered parking.

Find Complete Article Here: https://azbigmedia.com/real-estate/commercial-real-estate/ahwatukee-apartments-sold-for-145-25-million/

BACK TO TOP FIVE