Mike Farley And Tyler Pruett Of Tower 16 Capital Partners Acquire Multifamily Asset In Glendale For $52M

The asset involved in this transaction is a multifamily property located at 7601 West Glendale Avenue in Glendale, Arizona. The sale price for the property was $52,000,000, which corresponds to a price per unit of $240,741. The total square footage of the asset is 198,828, equating to a price per square foot of $262. The property consists of 216 units.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $52,000,000
• Units: 216
• PPU: $240,741
• SF: 198,828
• PPSF: $262
• Buyer: Mike Farley & Tyler Pruett - Tower 16 Capital Partners
• Broker Representatives: David Fogler & Steven Nicoluzakis - Cushman & Wakefield

Key individuals involved in the transaction include buyers Mike Farley and Tyler Pruett from Tower 16 Capital Partners. The brokers representing the deal were David Fogler and Steven Nicoluzakis from Cushman & Wakefield, facilitating the transaction and ensuring the process was completed efficiently.