Thompson Thrift Sells 140-Unit Grindstone At Sunrise In Peoria For $45.8 Million

The property asset involved in this transaction is a multifamily complex located at 24701 North Lake Pleasant Parkway in Peoria, AZ. The asset comprises 140 units and was sold for a total price of $45,800,000, resulting in a price per unit of $327,143.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $45,800,000
• Units: 140
• Price Per Unit: $327,143
• Seller: Thompson Thrift
• Brokers: Steve Gebing & Cliff David - Institutional Property Advisors

Steve Gebing and Cliff David of Institutional Property Advisors represented the seller, Thompson Thrift, in the successful transaction of the 140-unit Grindstone at Sunrise, helping to secure a buyer for the property.