Friday, June 12, 2015

Recently Constructed 200-Unit Apartment Complex Sells near Paradise Valley Mall

The Cactus Forty-2 Apartments are located just a quarter mile from Paradise Valley Mall

Olympus Property Management recently acquired a newly developed apartment complex for $36 million or $180,000 per unit. Constructed in 2014, the Cactus Forty-2 Apartments offers 200-units in two four-story buildings with studio, one-bedroom, and two-bedroom floorplans. The complex is just a quarter mile southwest of Paradise Valley Mall, and in walking distance of the Target-anchored “Village Center” neighborhood shopping center. The sale was financed
by a $25.5 million Freddie Mac loan. David Fogler and Steven Nicoluzakis of DTZ brokered the sale.

For more information including complete property history, planning/zoning, and buyer/seller contacts visit us at or email us at

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