David J. Nagel Of Decron Properties Acquires 266-Unit Multifamily In Glendale For $69M

Decron Properties has purchased Hangar at Thunderbird, a 266-unit gated multifamily community located at 15301 North 57th Avenue in Glendale, AZ. The property was sold for $69 million, amounting to an average of $260,000 per unit.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $69,000,000
• Address: 15301 North 57th Avenue
• Market: Glendale, AZ
• Buyer: David J. Nagel - Decron Properties
• Units: 266
• Price per Unit: $259,398

David J. Nagel, representing Decron Properties, facilitated the acquisition of the Hangar at Thunderbird property in Glendale, AZ. The deal reflects Decron Properties's continued strategic investment in the multifamily real estate market.