Thursday, November 12, 2015

Jefferson at One Scottsdale Sells in 88 Million Dollar Transaction

(Note: map via Google Earth, may not account for more recent surrounding construction)

The 388-unit Jefferson at One Scottsdale apartments sold Tuesday for $88 million, or $226,804 per unit. San Diego-based billionaire Igor M Olenicoff is the new owner of the property, which conveyed in a cash-only transaction. 

Built in 2014 on nearly fourteen acres in twenty-one buildings, Jefferson at One Scottsdale sports a unit mix that includes one, two, and three bedroom floorplans with a variety of square footages. It is part of the mixed-use project "One Scottsdale", which will include over 1,000 residential units, retail, and office components.

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