Gudi Real Estate Investments Acquires Multifamily Property In Phoenix, AZ For $22.3M

The multifamily property located at 8818 South Central Avenue in Phoenix, AZ has been sold for a price of $22,300,000. The property spans across 4.65 acres and comprises 128 units. The buyer, Gudi Real Estate Investments, acquired the property from the seller, Urban Communities, in a transaction facilitated by brokers Karl Abert and Bret Zinn from Kidder Mathews. The purchase price per unit was $174,219.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $22,300,000
• Address: 8818 South Central Avenue
• Market: Phoenix, AZ
• Acreage: 4.65
• Buyer: Gudi Real Estate Investments
• Seller: Urban Communities
• Brokers: Karl Abert & Bret Zinn - Kidder Mathews
• Units: 128
• Price Per Unit: $174,219

The transaction involved the collaboration of various parties, including the buyer Gudi Real Estate Investments, the seller Urban Communities, and the brokers Karl Abert and Bret Zinn from Kidder Mathews. Their expertise in the real estate market facilitated the successful completion of the deal.