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8727 West Mcdowell Road
SOLD

Millburn & Company Acquires Parc Tolleson Multifamily For $62.75M

8727 West Mcdowell Road

MultiFamily
clock iconSold 71 days ago
Sean Cunningham
Asher Gunter
Matt Pesch
+ 4
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Summary

Sale
ARIZONA
MultiFamily

The $62.75 million sale of Parc Tolleson, a 258-unit Class A multifamily community in Tolleson, Arizona, was facilitated by CBRE. The property, located at 8727 West Mcdowell Road, was acquired by Millburn & Company from Evergreen Devco, Inc. The sale price equated to approximately $243,217 per unit.

Summary of transaction details:

Notably, CBRE's Asher Gunter, Matt Pesch, Sean Cunningham, and Austin Groen represented the seller, Evergreen Devco, Inc., in the transaction. On the buyer's side, Troy Tegeler and Trevor Breaux were responsible for arranging financing for Millburn & Company. This deal underscores the collaborative efforts of multiple brokers to bring about a successful outcome for both parties involved.

Players

  • All

    7

  • Agents

    6

  • Agencies

    1

Sean Cunningham's profile picture
Sean Cunningham
CBRE-image
Vice Chairman
$748M Sold
Asher Gunter's profile picture
$618M Sold
Troy Tegeler's profile picture
Austin Groen's profile picture
Trevor Breaux's profile picture

Details

Deal Summary
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SOLD
IMAGE: 05/10/2024 ADDRESS: 8727 West Mcdowell Road MARKET: Tolleson, AZ ASSET TYPE: Multifamily BUYER: Millburn & Company SELLER: Evergreen Devco, Inc BROKERS: Asher Gunter, Austin Groen, Matt Pesch, Sean Cunningham, Trevor Breaux & Troy Tegeler - CBRE SALE PRICE: $62,750,000 UNITS: 258 ~ PPU: $243,217 NOTE: CBRE facilitated the $62.75 million sale of Parc Tolleson, a 258-unit Class A multifamily community in Tolleson, Ariz., with CBRE's Asher Gunter, Matt Pesch, Sean Cunningham, and Austin Groen representing the seller, Evergreen Devco, Inc., and Troy Tegeler and Trevor Breaux arranging financing for the buyer, Millburn & Company.

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Address8727 West Mcdowell Road

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