CTAZ McDowell 117 LLC Acquires Cottages At McDowell In Avondale For $56.9M

The Cottages at McDowell, a newly constructed build-to-rent community in Avondale, Phoenix, was sold for $56.9 million. The property, located at 1350 North 117th Avenue, consists of 217 units, resulting in a price per unit of $262,212. Berkadia facilitated the transaction between the buyer, CTAZ McDowell 117 LLC, and the seller, WS Avondale LLC.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $56,900,000
• Units: 217
• Price Per Unit: $262,212
• Address: 1350 North 117th Avenue
• Market: Avondale, AZ
• Buyer: CTAZ McDowell 117 LLC
• Seller: WS Avondale LLC
• Brokers: Andrew Curtis, Mark Forrester & Ric Holway - Berkadia

Berkadia played a significant role in connecting the buyer, CTAZ McDowell 117 LLC, with the seller, WS Avondale LLC, for the successful acquisition of the multifamily property. The brokers involved in the deal, namely Andrew Curtis, Mark Forrester, and Ric Holway from Berkadia, played crucial roles in ensuring a smooth transaction for all parties involved in the sale.