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Vertical Street Ventures Acquires Juniper Canyon Tucson Multifamily For $19.8M

Property Image
SOLD
$19,800,000

Arizona

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MultiFamily
Sold 09/11/2023
the dealdetailscomps
Property Image
SOLD

Vertical Street Ventures Acquires Juniper Canyon Tucson Multifamily For $19.8M

3055 Flowing Wells Road

See Similar Deals
MultiFamily
Sold 09/11/2023
the dealdetailscomps

Summary

ARIZONA
Asset Type:MultiFamily
Transaction Type:Sale

An affiliate of Vertical Street Ventures has acquired Juniper Canyon, a 140-unit apartment property located at 3055 North Flowing Wells Road in Tucson, Arizona. The property was purchased for a total sale price of $19.8 million, resulting in an average price per unit of $141,429.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $19,800,000
  • Units: 140
  • Price per Unit: $141,429
  • Date: 09/11/2023
  • Market: Tucson, AZ

Steven Louie, representing Vertical Street Ventures, facilitated the acquisition of Juniper Canyon. This multi-family property transaction is aimed at expanding Vertical Street Ventures' portfolio in the Tucson market, showcasing their continued commitment to investment opportunities in the real estate sector.

Players

VV
Vertical Street Ventures
BUYER

Details

SOLD
IMAGE: Steven Louie DATE: 09/11/2023 ADDRESS: 3055 North Flowing Wells Road MARKET: Tucson, AZ ASSET TYPE: MultiFamily BUYER: Vertical Street Ventures - Steven Louie SALE PRICE: $19,800,000 UNITS: 140 ~ PPU: $141,429 NOTE: An affiliate of Vertical Street Ventures has acquired Juniper Canyon, a 140-unit apartment property in Tucson, Arizona, for $19.8 million, at a rate of $141,428 per unit.

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