Investors Capital Group Acquires Multifamily Complex From Aultas In Flagstaff For $25.9M

The property involved in this transaction is a multifamily asset located at 3400 South Lake Mary Road in Flagstaff, AZ. It was sold for $25,900,000. The asset is comprised of 100 residential units, contributing to the multifamily segment's performance in a market characterized by limited land availability and strong demand.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $25,900,000
• Buyer: Investors Capital Group
• Seller: Aultas
• Broker: Steve Gebing - Institutional Property Advisors
• Market: Flagstaff, AZ

The transaction was marked by the involvement of Investors Capital Group as the buyer, acquiring the asset from seller Aultas. Steve Gebing from Institutional Property Advisors represented the interests of the seller in this deal, facilitating the transfer of ownership of the apartment complex.