Brixton Capital Acquires 300-Unit Alta Warehouse Multifamily In Phoenix For $82M

The Alta Warehouse, a 300-unit apartment property located at 402 West Lincoln Street in Phoenix, AZ, has been sold for $82 million. The sale, facilitated by CBRE, was completed by buyer Marc Brutten of Brixton Capital and seller Joseph Keough of Wood Partners. The per-unit price for the property stands at $273,333.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $82,000,000
• Units: 300
• Price Per Unit: $273,333
• Buyer: Marc Brutten - Brixton Capital
• Seller: Joseph Keough - Wood Partners
• Broker: CBRE

Brixton Capital, a Solana Beach, California-based company, has acquired the Alta Warehouse, an apartment property consisting of 300 units, for a total of $82 million. The deal was facilitated by CBRE, and the buyer was Marc Brutten of Brixton Capital, while the seller was Joseph Keough of Wood Partners.