SB Real Estate Partners Acquires 387-Unit Multifamily Property In Phoenix, AZ For $91M

Located at 2700 W Sahuaro Dr in Phoenix, AZ, this multifamily property was recently sold in a closed transaction. The property consists of 387 units and was purchased for a total sale price of $91,000,000, resulting in an average price per unit of $235,142.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $91,000,000
• Units: 387
• Price Per Unit: $235,142

The buyer in this transaction was SB Real Estate Partners, represented by Srijin Bandyopadhyay. The brokers involved in the deal were Cliff David and Steve Gebing from Institutional Property Advisors.