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

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.