Goodman Real Estate Acquires Scottsdale On Main Multifamily For $66.1 Million From Baron Properties

The transaction involves a multi-family asset located at 6901 East Main Street in Scottsdale, AZ. The property is a luxury multifamily development consisting of 119 units, sold at a price of $66,100,000, which is approximately $555,462 per unit. The asset was built in 2024 and features amenities such as a rooftop deck and a pool, with its location providing easy access to Scottsdale Fashion Square.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $66,100,000
• Units: 119
• Price Per Unit: $555,462
• Buyer: Goodman Real Estate
• Seller: Baron Properties
• Brokers: Steve Gebing & Cliff David - Institutional Property Advisors

Steve Gebing and Cliff David from Institutional Property Advisors represented the seller Baron Properties in this transaction. They successfully secured Goodman Real Estate as the buyer for the property, highlighting their role in facilitating this significant sale in the Scottsdale market.