Jason McCool Acquires 369-Unit Multifamily Property In Tempe For $111.7M

The multifamily property located at 1701 E Don Carlos and 1701 E 8th St in Tempe, AZ, has been sold in a recent transaction. The property consists of 369 units and was sold for a total price of $111,700,000, resulting in a per-unit price of $302,710.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $111,700,000
• Units: 369
• Price per Unit: $302,710
• Buyer: Jason McCool
• Seller: Avanti Residential & KKR Real Estate
• Brokers: Brad Goff, Brett Polachek & Chris Canter - Newmark

The deal was facilitated by the brokers Brad Goff, Brett Polachek, and Chris Canter from Newmark. They represented the buyer, Jason McCool, in this transaction.