CBRE Facilitates $27.2M Sale Of Proximity Baseline, Build-to-Rent Property In Phoenix

CBRE has facilitated the sale of Proximity Baseline, an 80-unit build-to-rent property located at 1700 East Baseline Road in Phoenix, AZ. The property was sold by Avenue North to CVG Properties for a total price of $27,200,000.

Summary of transation details

• Property Type: SFR
• Transaction Amount: $27,200,000
• Market: Phoenix, AZ

Asher Gunter, Austin Groen, Griffen Tymins, Matt Pesch, and Sean Cunningham from CBRE represented the buyer and seller in this transaction. They worked diligently to secure the deal for Proximity Baseline.