Bridge Investment Group Acquires Multifamily Portfolio In Tucson, AZ For $75.1M

8600 East Old Spanish Trail, Tucson, Arizona 85710, United States

$75,100,000

Building Size

—

Asset Type

MultiFamily

Closing

Nov 30, 2021

AI

The multifamily property located at 8600 E Old Spanish Trail, 2800 Mission Rd, and 6340 S Santa Clara Ave in Tucson, AZ has been sold for a total of $75,100,000. The property consists of 566 units and was part of the recent transaction.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: $75,100,000
Units: 566
Location: Tucson, AZ

The buyer in this transaction was Bridge Investment Group, while the seller was Monarch Investment and Management Group. The deal was facilitated by Hamid Panahi, Steve Gebing, and Cliff David from Institutional Property Advisors, a division of Marcus & Millichap.

Players