Tides Equities LLC Acquires 274-Unit Multifamily In Phoenix For $59.6M

The multifamily property located at 4620 W McDowell Rd in Phoenix, AZ was recently sold for a total of $59,600,000. The property consists of 274 units, resulting in a per unit price of approximately $217,518. The transaction took place on 12/01/2021.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $59,600,000
• Address: 4620 W McDowell Rd, Phoenix, AZ
• Market: Phoenix, AZ
• Buyer: Tides Equities LLC
• Seller: Western Wealth Capital & Prospect Ridge
• Brokers: Brett Polachek, Brad Goff & Chris Canter - Newmark

The sale was facilitated by the brokers Brett Polachek, Brad Goff, and Chris Canter from Newmark. They represented the buyer, Tides Equities LLC, as well as the sellers, Western Wealth Capital and Prospect Ridge.