IPA Negotiates $150M Sale of Multifamily Community in Scottsdale … – REBusinessOnline

SCOTTSDALE, ARIZ. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of SeventyOne15 McDowell, an apartment property in Scottsdale. The asset traded for $150 million, or $547,445 per unit. The buyer and seller were not disclosed.
Completed in 2022, SeventyOne15 McDowell features 274 apartments, a swimming pool and spa, private cabanas, a rooftop lounge with fire pits, two-story fitness center, direct-access parking garage, rooftop deck, electric charging stations and 24-hour parcel package concierge. Alliance Residential developed the property.
Steve Gebing and Cliff David of IPA represented the seller and procured the buyer in the transaction.







©2023 France Publications, dba France Media Inc.

source

(Visited 2 times, 1 visits today)