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Stepp Commercial Represents Buyer In $7.5M Phoenix Multifamily Sale

Property Image
SOLD
$7,500,000

Arizona

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MultiFamily
Sold 05/29/2024
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Property Image
SOLD

Stepp Commercial Represents Buyer In $7.5M Phoenix Multifamily Sale

1501 Grand Avenue

See Similar Deals
MultiFamily
Sold 05/29/2024
the dealplayerscompscontact
Contact now

Summary

ARIZONA
Asset Type:MultiFamily
Transaction Type:Sale

The property involved in the transaction is a 60-apartment community located at 1501 Grand Avenue in Phoenix, AZ. The sale price for this multifamily asset was $7,500,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $7,500,000
  • Address: 1501 Grand Avenue
  • Market: Phoenix, AZ

Richard Butler from Marcus & Millichap represented the seller, Oasis TC LLC, in the $7.5 million sale of the 60-apartment community to 1501 Grand LLC. Stepp Commercial, based in Los Angeles, acted as the buyer's representative in this transaction.

Players

Richard Butler
Marcus & Millichap
Richard Butler
2 deals$12.8M volume(602) 687-6782
BROKER

Details

SOLD
IMAGE: 05/29/2024 ADDRESS: 1501 Grand Avenue MARKET: Phoenix, AZ ASSET TYPE: Multifamily BUYER: 1501 Grand LLC SELLER: Oasis TC LLC BUYER'S REP: Stepp Commercial SELLER'S REP: Richard Butler - Marcus & Millichap SALE PRICE: $7,500,000 NOTE: Marcus & Millichap facilitated the $7.5 million sale of Oasis on Grand, a 60-apartment community in Phoenix, from Oasis TC LLC to 1501 Grand LLC. Richard Butler represented the seller, while Stepp Commercial, based in Los Angeles, represented the buyer in the transaction.

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