Far Western Properties And Dorn Properties Acquire Parkway Apartments In Phoenix For $4.5M

The property asset involved in this transaction is a 36-unit multifamily complex located at 5407 West Glenrosa Avenue in Phoenix, AZ. It was sold for a total price of $4,500,000, translating to a price per unit of $125,000.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $4,500,000
• Units: 36
• Price Per Unit: $125,000
• Buyer: Far Western Properties & Dorn Properties
• Seller: Parkway Apartments LLC
• Brokers: Brian Smuckler & Derek Smigiel - JLL

This transaction was facilitated by Brian Smuckler and Derek Smigiel from JLL, who represented Parkway Apartments LLC in this sale, highlighting their role in the successful arrangement of this multifamily property deal.