Western Wealth Capital Acquires 265-Unit Multifamily Property In Mesa For $64M

The multifamily property located at 1800 E Covina St in Mesa, AZ has been sold for a total price of $64,000,000. The transaction took place on October 18, 2021. The property consists of 265 units, resulting in a per-unit price of $241,509. The buyer of the property is Western Wealth Capital, represented by Janet Lepage. The seller is S2 Capital, represented by Scott Everett. The sale was facilitated by Marcus & Millichap, acting as the broker for Institutional Property Advisors.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $64,000,000
• Units: 265
• Price Per Unit: $241,509

Janet Lepage, on behalf of Western Wealth Capital, played a key role as the buyer in this transaction. Scott Everett, representing S2 Capital, acted as the seller. The successful deal was made possible with the assistance of Marcus & Millichap, the broker for Institutional Property Advisors.