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Next Wave Investors Acquires Ascension At Manistee Ranch Multifamily In Glendale For $23.45M

Property Image
SOLD
$23,450,000

Arizona

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MultiFamily
Sold 09/23/2025
the dealdetailscomps
Property Image
SOLD

Next Wave Investors Acquires Ascension At Manistee Ranch Multifamily In Glendale For $23.45M

7959 North 53rd Avenue

See Similar Deals
MultiFamily
Sold 09/23/2025
the dealdetailscomps

Summary

ARIZONA
Asset Type:MultiFamily
Transaction Type:Sale

The multifamily property located at 7959 North 53rd Avenue in Glendale, AZ has been sold for $23,450,000. This asset consists of 71 units, resulting in a price per unit of $330,282. The townhome-style complex features two- and three-bedroom units with an average size of 1,396 sq. ft., along with amenities such as a pool with cabanas and a pet park.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $23,450,000
  • Buyer: Next Wave Investors
  • Seller: Kinella Capital
  • Broker: Cushman & Wakefield
  • Units: 71
  • Price Per Unit: $330,282

Next Wave Investors acquired the property, Ascension at Manistee Ranch, from Kinella Capital, who had previously bought the property out of foreclosure. The transaction occurred on September 23, 2025, facilitating the transition of ownership in this multifamily asset.

Players

Cushman & Wakefield
Cushman & Wakefield
BROKERAGE
NI
Next Wave Investors
BUYER

Details

SOLD
IMAGE: 09/23/2025 ADDRESS: 7959 North 53rd Avenue MARKET: Glendale, AZ ASSET TYPE: Multifamily BUYER: Next Wave Investors SELLER: Kinella Capital BROKER: Cushman & Wakefield SALE PRICE: $23,450,000 UNITS: 71 ~ PPU: $330,282 NOTE: Next Wave Investors acquired the 71-unit Ascension at Manistee Ranch in Glendale, AZ, for $23.45M, or $330K per unit, from Kinella Capital, which had completed the property after buying it out of foreclosure. The townhome-style complex features two- and three-bedroom units averaging 1,396 sq. ft., with amenities including a pool with cabanas and a pet park.

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