Cane Capital Acquires 62-Unit Multifamily Property From Belbrook 32 LLC For $8.25M

The property involved in this transaction is a 62-unit renovated apartment complex located at 3025 North 32nd Street, within Phoenix's Arcadia Lite submarket. It was sold for $8,250,000, which translates to a price per unit of $133,065. The complex features updated interiors and amenities, and is strategically positioned near major employers and transit corridors.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $8,250,000
• Buyer: Cane Capital
• Seller: Belbrook 32 LLC
• Broker Representatives: Ryan Boyle and Trevor Koskovich - NorthMarq
• Units: 62
• Price Per Unit: $133,065

The transaction was facilitated by NorthMarq’s Phoenix team, which brokered the sale of the property. The involvement of Ryan Boyle and Trevor Koskovich exemplifies the brokerage's active role in the multifamily real estate market within the region.