Harbor Group International Acquires Phoenix Multifamily Property For $80.75M

The property involved in this transaction is a multifamily asset located at 909 W. Colter St., Phoenix, AZ. The sale price was $80,750,000, featuring 384 units and a total square footage of 256,000. The price per unit was calculated at $210,286, while the price per square foot stood at $315.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $80,750,000
• Units: 384
• Square Footage: 256,000
• Price Per Unit: $210,286
• Price Per Square Foot: $315
• Buyer: Harbor Group International - Jordan Slone
• Broker: Steven Vegh - Westwood Realty Associates

This transaction was facilitated by Steven Vegh, representing Westwood Realty Associates, acting on behalf of the buyer, Harbor Group International, led by Jordan Slone. The representation highlights the collaboration between the brokerage and the investment firm in this multifamily acquisition.