Friday, November 6, 2015

248-Unit Wyndhaven Apartments in Mesa Sell for $29 Million

Area Map

On Monday Los Angeles-based Benedict Canyon Equities purchased the Wyndhaven Apartments located at the northeast corner of Greenfield Road and the US-60 in Mesa. The Al Angelo Company sold the apartments for $29.2 million or $117,741 per unit. A $20,489,000 loan with Fannie Mae (originated through Berkadia Commercial Mortgage) funded the transaction.

This 248-unit apartment complex was built in 1999 on just under 15 acres. It includes floorplans of one, two, and three-bedrooms, as well as two pools.

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