Tyler Pruett And Mike Farley Acquire Multifamily Asset In Phoenix For $46.5 Million

The property asset involved in this transaction is located at 9200 West Mcdowell Road, Phoenix, AZ. The multifamily asset was sold for a total price of $46,500,000. It comprises 167 units, with a price per unit of $278,443. The total square footage is 143,687, resulting in a price per square foot of $323.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $46,500,000
• Units: 167
• Price Per Unit: $278,443
• Square Footage: 143,687
• Price Per Square Foot: $323
• Buyer: Tyler Pruett & Mike Farley - Tower 16 Capital Partners
• Broker: Jesse Hudson & Trevor Koskovich - NorthMarq

This transaction involved Tyler Pruett and Mike Farley representing Tower 16 Capital Partners as the buyers. The deal was facilitated by Jesse Hudson and Trevor Koskovich from NorthMarq, indicating the professional teams supporting the transaction and highlighting their roles in successfully executing the sale.