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SB Real Estate Partners Acquires 387-Unit Multifamily Property In Phoenix, AZ For $91M

2700 West Sahuaro Drive
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This MultiFamily property located in AZ was sold for $91,000,000 almost 2 years ago. The brokers of the deal were Cliff David and Steve Gebing

Located at 2700 W Sahuaro Dr in Phoenix, AZ, this multifamily property was recently sold in a closed transaction. The property consists of 387 units and was purchased for a total sale price of $91,000,000, resulting in an average price per unit of $235,142.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $91,000,000
  • Units: 387
  • Price Per Unit: $235,142

The buyer in this transaction was SB Real Estate Partners, represented by Srijin Bandyopadhyay. The brokers involved in the deal were Cliff David and Steve Gebing from Institutional Property Advisors.

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Deals
  • Location
    2700 West Sahuaro Drive, Phoenix, Arizona 85029, United States2700 West Sahuaro Drive, Phoenix, Arizona 85029, United States
  • Sale Price
    $91,000,000$91,000,000
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

Steve Gebing

Steve Gebing

Deals25
Financed$1.7B

Agency

Institutional Property Advisors

Institutional Property Advisors

Agency
Deals519
Volume$16.9B

Deal Summary

SALE IMAGE: Cliff David, Srijin Bandyopadhyay & Steve Gebing DATE: 06/07/2022 ADDRESS: 2700 W Sahuaro Dr MARKET: Phoenix, AZ ASSET TYPE: Multifamily BUYER: SB Real Estate Partners - Srijin Bandyopadhyay BROKERS: Cliff David & Steve Gebing - Institutional Property Advisors SALE PRICE: $91,000,000 UNITS: 387 ~ PPU: $235,142

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2700 West Sahuaro Drive

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