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

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.