Winterhaven Terrace Sold For $15.7M With Clint Wadlund And Hamid Panahi Representing Seller

Winterhaven Terrace is a 96-unit apartment community located at 2901 East Fort Lowell Road in Tucson, AZ. The property was sold for $15.7 million, translating to $163,542 per unit.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $15,700,000
• Units: 96
• Price Per Unit: $163,542
• Market: Tucson, AZ

Clint Wadlund and Hamid Panahi of Institutional Property Advisors represented the seller and procured the buyer. The acquisition is intended to enhance the buyer's Tucson portfolio, which includes a value-add asset with renovated units and amenities near key locations such as the University of Arizona and Banner-University Medical Center.