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2252 North 44th Street
SOLD

CBRE Facilitates $130.5M Sale Of Arcadia Cove Multifamily In Phoenix

2252 North 44th Street

MultiFamily
clock iconSold 250 days ago
Sean Cunningham
Asher Gunter
Matt Pesch
+ 2
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Summary

Sale
ARIZONA
MultiFamily

Arcadia Cove, a 432-unit multifamily community located at 2252 North 44th Street in Phoenix, Arizona, has been sold for $130.5 million. The property, represented by Asher Gunter, Matt Pesch, Sean Cunningham, and Austin Groen from CBRE, was purchased by an undisclosed buyer.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $130,500,000
  • Units: 432
  • Price per Unit: $302,083
  • Address: 2252 North 44th Street, Phoenix, AZ
  • Market: Phoenix, AZ

CBRE facilitated the sale, with Asher Gunter, Matt Pesch, Sean Cunningham, and Austin Groen representing the seller, Priderock Capital Partners. The successful transaction of Arcadia Cove showcases the expertise of the CBRE team in navigating the multifamily real estate market in Phoenix, Arizona.

Players

  • All

    5

  • Agents

    4

  • Agencies

    1

Sean Cunningham's profile picture
Sean Cunningham
CBRE-image
Vice Chairman
$748M Sold
Asher Gunter's profile picture
$618M Sold
Austin Groen's profile picture

Details

Deal Summary
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SOLD
IMAGE: Matt Pesch, Asher Gunter, Sean Cunningham & Austin Groen DATE: 09/13/2023 ADDRESS: 2252 North 44th Street MARKET: Phoenix, AZ ASSET TYPE: Multifamily SELLER: Priderock Capital Partners BROKERS: Asher Gunter, Austin Groen, Matt Pesch & Sean Cunningham - CBRE SALE PRICE: $130,500,000 UNITS: 432 ~ PPU: $302,083 NOTE: CBRE facilitated the sale of Arcadia Cove, a 432-unit multifamily community in Phoenix, with Asher Gunter, Matt Pesch, Sean Cunningham, and Austin Groen from CBRE representing the seller, Priderock Capital Partners. The property was sold for $130.5 million.

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Address2252 North 44th Street

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