The Villages at Metro Center Sells for $19 Million

Area Map

The 290-unit apartment complex The Villages at Metro Center sold yesterday for a total price of $19 million, or $65,517 per unit. It is located northwest of the Dunlap I-17 exit ramp, just west of Metrocenter Mall. California investor Jeffrey M Ctvrtlik purchased the property from Bertram Partners, funded by a $14.834 million Freddie Mac loan, originated with CBRE Capital Markets.

The Villages at Metro Center consists of twenty-one buildings built 1974 and has a diverse unit mix including studios, one, two, and three-bedroom floorplans.

For more information on this property including complete history and unit mix, visit us at our website or send us an email. We're happy to hear from you!