Institutional Property Advisors Sell Scottsdale Multifamily Property For $150M

The multifamily property located at 7115 E McDowell Rd in Scottsdale, AZ has been sold for a total price of $150,000,000. The transaction was handled by brokers Steve Gebing and Cliff David from Institutional Property Advisors. The property consists of 274 units, with a price per unit of $547,445.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $150,000,000
• Address: 7115 E McDowell Rd, Scottsdale, AZ
• Market: Scottsdale, AZ
• Brokers: Steve Gebing & Cliff David - Institutional Property Advisors
• Units: 274
• Price Per Unit: $547,445

The transaction highlights the successful collaboration between brokers Steve Gebing and Cliff David, representing Institutional Property Advisors. Their expertise and negotiation skills facilitated the smooth completion of this multifamily property sale.