Orion Investment Real Estate Sells Urban 357 Apartments In Phoenix For $41M

The Urban 357 Apartments in Phoenix, a multifamily asset, located at 2912 East Indian School Road, was sold for $41 million. The property comprises 357 units, with each unit costing $114,846. The total square footage of the property is 149,983, translating to $273 per square foot in terms of price.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $41,000,000
• Units: 357
• Price Per Unit: $114,846
• Square Footage: 149,983
• Price Per Square Foot: $273
• Address: 2912 East Indian School Road
• Market: Phoenix, AZ
• Brokers: Angelessa Ritchie & Linda Fritz-Salazar - Orion Investment Real Estate

Orion Investment Real Estate played a key role in facilitating the $41 million transaction of the Urban 357 Apartments in Phoenix. Angelessa Ritchie and Linda Fritz-Salazar, representing Orion Investment Real Estate, were the brokers involved in the deal.