Tuesday, October 27, 2015

Recently Constructed Apartments near 101 & Scottsdale Sell for $74 Million

Area Map

The 322-unit Avion on Legacy Apartments sold Monday for just over $74 million, or $230,000 per unit. TDI Real Estate Holdings sold the property to Denver-based Simpson Housing in a cash-only transaction.

The Avion on Legacy Apartments, formerly known as Jefferson on Legacy, were built in 2014 on ten and a half acres near the Scottsdale Road ramp of the Loop 101. It includes a unit mix of one, two, and three bedroom floorplans, resort style pool, clubhouse, and fitness center. It is located just a mile northeast of the Scottsdale 101 Shopping Center as well as two and a half miles east of the Mayo Clinic.

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