FSO Capital Partners Acquires Multifamily Property In Apache Junction, AZ For $44.5M

The recent closed property transaction in Apache Junction, AZ involved a multifamily asset located at 975 S Royal Palm Rd. The property spans 9.9 acres and has a total square footage of 176,000. The transaction took place on 08/18/2022 and the property was sold by Sonoma Valley LLC to FSO Capital Partners for a sale price of $44,500,000, equating to a price per square foot of $253.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $44,500,000
• Address: 975 S Royal Palm Rd
• Market: Apache Junction, AZ
• Square Footage: 176,000
• Acres: 9.9

The deal was facilitated by Trevor Koskovich, Jesse Hudson, Bill Hahn, and Ryan Boyle from Northmarq, representing the buyer and seller in the transaction.