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Harvard Investments Sells FirstStreet At Happy Valley Multifamily Property For $87.85M

Property Image
SOLD
$87,850,000

Arizona

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MultiFamily
Sold 08/30/2023
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Property Image
SOLD

Harvard Investments Sells FirstStreet At Happy Valley Multifamily Property For $87.85M

1717 West Happy Valley Road Phoenix, AZ 85085, USA

See Similar Deals
MultiFamily
Sold 08/30/2023
the dealplayerscompscontact
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Summary

ARIZONA
Asset Type:MultiFamily
Transaction Type:Sale

The sale of FirstStreet at Happy Valley, a 212-unit built-for-rent cottage-style property in Phoenix, has been facilitated by Berkadia for $87.85 million. Situated at 1717 West Happy Valley Road, this multifamily asset offers a unique living experience in the bustling market of Phoenix, AZ.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $87,850,000
  • Units: 212
  • Price Per Unit: $414,387
  • Seller: Harvard Investments
  • Broker: Mark Forrester - Berkadia

Heading the deal as the broker for Berkadia is Mark Forrester, who played a crucial role in the successful sale of FirstStreet at Happy Valley. Harvard Investments, the seller in this transaction, entrusted Berkadia with the responsibility of finding the right buyer for this unique cottage-style property. The sale of this asset not only highlights the demand for built-for-rent properties in Phoenix but also showcases the expertise of Berkadia in facilitating such transactions.

Players

Mark Forrester
Berkadia
Mark Forrester
9 deals$553.5M volume
BROKER

Details

SOLD
IMAGE: Mark Forrester DATE: 08/30/2023 ADDRESS: 1717 West Happy Valley Road MARKET: Phoenix, AZ ASSET TYPE: Multifamily SELLER: Harvard Investments BROKER: Mark Forrester - Berkadia SALE PRICE: $87,850,000 UNITS: 212 ~ PPU: $414,387 NOTE: Berkadia has facilitated the sale of FirstStreet at Happy Valley, a 212-unit built-for-rent cottage-style property in Phoenix, for $87.85 million.

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