Mike Farley And Tyler Pruett Acquire Multifamily Asset In Phoenix For $48 Million

The property asset involved in this transaction is a multifamily asset located at 6250 South 40th Street in Phoenix, AZ. The sale price for this asset was $48,000,000, which breaks down to a price per unit of $289,156 across 166 units. The total square footage of the property is 183,203, equating to a price per square foot of $262.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $48,000,000
• Units: 166
• Price Per Unit: $289,156
• Square Footage: 183,203
• Price Per Square Foot: $262
• Buyer: Mike Farley & Tyler Pruett - Tower 16 Capital Partners
• Broker: Mark Forrester & Andrew Curtis - Berkadia

This transaction involved Mike Farley and Tyler Pruett as the buyers representing Tower 16 Capital Partners. The brokers facilitating this deal were Mark Forrester and Andrew Curtis from Berkadia, highlighting the key roles played by each individual in the completion of this transaction.