Two Acres Planned for Campbell Ave Townhome Development Sell for $3.8 Million

Parcel Area

2.15 net acres (2.62 gross) near the southeast corner of 24th Street and Campbell Avenue sold Tuesday for $3,825,000, or $41 per square foot of land. The site is planned for a 3-story residential project consisting of 46 townhome units. Family Development Group and Presidio Residential are the new owners of the land. No new loans were recorded with the transaction. The site is currently improved by 29 units of multifamily built in 1958-1972, set to be demolished.

For more information on this property including complete history, planning and zoning information, and buyer/seller contacts, visit us at our website or send us an email. We're happy to hear from you!



        

Presidio at South Mountain Sells for Over $80 Million

Vicinity Map

The 842-unit Presidio at South Mountain apartment complex in Phoenix sold to Fairfield Residential for $80.5 million, or $95,606 per unit. Its previous owners, Dallas-based Invesco, originally purchased the property for just under $85.5 million in 2007. The complex is located 2 miles east of South Mountain Park, and sits on a total of 34 acres. Midland National Life Insurance funded the sale with a total of $58,750,000 in new debt.

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