Air Estates LLC Acquires Flores Apartments In Tucson For $1.3M

The Flores Apartments, a multifamily property located at 225-255 West Flores Street in Tucson, AZ, was acquired by Air Estates LLC for $1.3 million. The property consists of 20 units, making the price per unit $65,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,300,000
• Address: 225-255 West Flores Street
• Market: Tucson, AZ
• Buyer: Air Estates LLC
• Seller: 225 W Flores LLC & Colonia Properties TIC I LLC
• Brokers: Allan Mendelsburg & Joey Martinez - Cushman & Wakefield
• Units: 20
• Price Per Unit: $65,000

Air Estates LLC, facilitated by Allan Mendelsburg and Joey Martinez of Cushman & Wakefield, successfully completed the acquisition of the Flores Apartments property in Tucson. The sellers were 225 W Flores LLC and Colonia Properties TIC I LLC, marking a significant transaction in the multifamily real estate market.