Tides Equities Acquires Multifamily Property In Mesa, Phoenix For $83M

This multifamily property located at 901 S Country Club Dr in Mesa, Phoenix, AZ was recently sold in a closed transaction. The sale took place on 11/03/2020.

Summary of Transaction Details

• Property Type: Multifamily
• Sale Price: $83,000,000
• Square Footage: 318,042
• Price per Square Foot: $260
• Number of Units: 582
• Price per Unit: $142,611
• Buyer: @TidesEquities
• Seller: Investcorp
• Broker: Matt Pesch - CBRE

The property, consisting of 582 units, was sold for a total of $83,000,000, resulting in a price per square foot of $260. With a total area of 318,042 square feet, the property offers ample space for tenants. The buyer of the property was @TidesEquities, while the seller was Investcorp. Representing the deal was Matt Pesch from CBRE.