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1350 North 117th Avenue
SOLD

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

1350 North 117th Avenue

MultiFamily
clock iconSold 78 days ago
Ric Holway
Mark Forrester
Andrew Curtis
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Summary

Sale
ARIZONA
MultiFamily

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.

Players

  • All

    4

  • Agents

    3

  • Agencies

    1

Ric Holway's profile picture
Ric Holway
Berkadia-image
Senior Managing Director
$177.8M Sold
Andrew Curtis's profile picture

Details

Deal Summary
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SOLD
IMAGE: 05/03/2024 ADDRESS: 1350 North 117th Avenue MARKET: Avondale, AZ ASSET TYPE: Multifamily BUYER: CTAZ McDowell 117 LLC SELLER: WS Avondale LLC BROKERS: Andrew Curtis, Mark Forrester & Ric Holway - Berkadia SALE PRICE: $56,900,000 UNITS: 217 ~ PPU: $262,212 NOTE: Berkadia facilitated the sale of Cottages at McDowell, a newly constructed build-to-rent community in Avondale, Phoenix, to CTAZ McDowell 117 LLC for $56.9 million.

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Address1350 North 117th Avenue

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