Pressman Properties LLC Acquires Multifamily Asset From RET2 LLC For $2.4 Million In Tempe

1010 1012 S Smith Rd

$2,400,000

$208/SF

Building Size

11,520 SF

Asset Type

MultiFamily

Closing

Oct 11, 2019

AI

The property asset involved in the transaction is located at 1010 1012 S Smith Rd, Tempe, and comprises a MultiFamily structure. This asset was sold for $2,400,000.00 and has a total square footage of 11,520.0 square feet.

Summary of transaction details:

Property Type: MultiFamily
Transaction Amount: $2,400,000.00
Address: 1010 1012 S Smith Rd
Market: Tempe
Square Footage: 11,520.0
Buyer: Pressman Properties LLC
Seller: RET2 LLC
Brokers: Paul Bay (Marcus & Millichap), Brandon Evans (Lyon Stahl Investment Real Estate), Jason Tuvia (Marcus & Millichap), Matt Ziegler (Marcus & Millichap)

The key individuals involved in the transaction include the buyer, Pressman Properties LLC, and the seller, RET2 LLC. The brokers facilitating the deal are Paul Bay representing Marcus & Millichap, Brandon Evans from Lyon Stahl Investment Real Estate, and Jason Tuvia and Matt Ziegler, both from Marcus & Millichap, who played essential roles in successfully closing the transaction.

Players