Decron Properties Acquires Multifamily Property In Glendale, Arizona For $101M

Decron Properties has acquired a multifamily property located at 20250 North 57th Avenue in Glendale, Arizona. The transaction, which took place on 12/13/2021, was captured in an image by David Nagel. The property consists of 256 units and was sold for a price of $101,000,000, resulting in a price per unit of $394,531.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $101,000,000
• Units: 256
• Price Per Unit: $394,531
• Market: Glendale, Arizona
• Buyer: Decron Properties - David Nagel

Decron Properties, represented by David Nagel, completed the acquisition of this multifamily property in Glendale, Arizona. The deal, captured in an image shared by David Nagel on Instagram, reflects the growing interest in the Glendale market and the potential for long-term returns in the multifamily sector.