John Stoops Acquires Peak At Oro Valley Multifamily For $59.8M

The multifamily property located at 8215 North Oracle Road in Oro Valley, AZ, was recently sold for $59,800,000. The asset, known as Peak at Oro Valley, comprises 330 units, equating to a per-unit price of $181,212. The sale was completed between the buyer, John Stoops, an affiliate of AHC Funds, and the seller, APRA Capital LLC.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $59,800,000
• Units: 330
• Price Per Unit: $181,212
• Address: 8215 North Oracle Road
• Market: Oro Valley, AZ

The deal was facilitated by the team of brokers from Institutional Property Advisors - Marcus & Millichap, namely Cliff David, Clint Wadlund, Hamid Panahi, and Steve Gebing. Their expertise played a crucial role in finalizing the transaction, representing both the buyer and the seller effectively.