Tower 16 Capital Partners Sells Peoria Multifamily For $18.6M With Broker Jesse Hudson

A 100-unit multifamily property located at 10860 North 85th Avenue in Peoria, AZ has been sold for a total price of $18,600,000. The property spans across 72,000 square feet and was sold at an average price per unit (PPU) of $186,000 and price per square foot (PPSF) of $258.

Summary of transaction details

• Property Type: MultiFamily
• Transaction Amount: $18,600,000
• Address: 10860 North 85th Avenue, Peoria, AZ
• Market: Peoria, AZ
• Units: 100
• PPU: $186,000
• SF: 72,000
• PPSF: $258

Tower 16 Capital Partners represented by Mike Farley and Tyler Pruett acted as the sellers in this transaction. The brokerage services were provided by Jesse Hudson from NorthMarq.