The 696-unit "Villas at Cave Creek Apartments" at the southeast corner of Cactus Road and the Interstate 17 sold Friday to Weidner Apartment Homes for $43.15 million, or $62,000 per unit. This multifamily development is located just a mile northeast of Metrocenter Mall and includes floorplans of one, two, and three bedrooms in thirty-seven three-story buildings as well as two clubhouses, four pools, and two laundry facilities.
Weidner Apartments Homes funded their acquisition of this apartment complex with a $32 million loan with Citibank.
For more information on this property including complete unit mix, history, and buyer/seller contacts, visit us at our website or send us an email. We're happy to hear from you!