Western Wealth Capital Acquires Multifamily Property In Phoenix For $76M

The multifamily property located at 1350 E Northern Ave in Phoenix, AZ has been sold for a price of $76,000,000. The transaction took place on 11/09/2021 and involved 300 units, with a price per unit of $253,333. The buyer of the property was Western Wealth Capital represented by Janet Lepage, while the seller was Jevan Capital. The deal was facilitated by Cliff David from Institutional Property Advisors - Marcus & Millichap.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $76,000,000
• Units: 300
• Price per Unit: $253,333
• Buyer: Western Wealth Capital - Janet Lepage
• Seller: Jevan Capital
• Broker: Cliff David - Institutional Property Advisors - Marcus & Millichap

Cliff David, representing Institutional Property Advisors - Marcus & Millichap, played a key role in facilitating the sale of the multifamily property at 1350 E Northern Ave in Phoenix, AZ. Janet Lepage represented the buyer, Western Wealth Capital, in this transaction. The seller of the property was Jevan Capital. The sale price of $76,000,000 and the details of the property, including its 300 units and price per unit of $253,333, were factors that contributed to the successful completion of this deal.