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Bridge Investment Group Acquires Multifamily Portfolio In Tucson, AZ For $75.1M

8600 East Old Spanish Trail, 2800 Mission Road & 6340 South Santa Clara Avenue
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This MultiFamily property located in AZ was sold for $75,100,000 over 2 years ago. The brokers of the deal were Steve Gebing, Hamid Panahi, and Cliff David

The multifamily property located at 8600 E Old Spanish Trail, 2800 Mission Rd, and 6340 S Santa Clara Ave in Tucson, AZ has been sold for a total of $75,100,000. The property consists of 566 units and was part of the recent transaction.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $75,100,000
  • Units: 566
  • Location: Tucson, AZ

The buyer in this transaction was Bridge Investment Group, while the seller was Monarch Investment and Management Group. The deal was facilitated by Hamid Panahi, Steve Gebing, and Cliff David from Institutional Property Advisors, a division of Marcus & Millichap.

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Deals
  • Location
    8600 East Old Spanish Trail, Tucson, Arizona 85710, United States8600 East Old Spanish Trail, Tucson, Arizona 85710, United States
  • Sale Price
    $75,100,000$75,100,000
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    3 Brokers, 1 Agency3 Brokers, 1 Agency

Agents

Steve Gebing

Steve Gebing

Deals25
Financed$1.7B

Agency

Institutional Property Advisors

Institutional Property Advisors

Agency
Deals519
Volume$16.9B

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Deal Summary

SALE IMAGE: Hamid Panahi, Steve Gebing & Cliff David DATE: 11/30/2021 ADDRESS: 8600 E Old Spanish Trail, 2800 Mission Rd & 6340 S Santa Clara Ave MARKET: Tucson, AZ ASSET TYPE: Multifamily ~ UNITS: 566 BUYER: Bridge Investment Group SELLER: Monarch Investment and Management Group BROKERS: Hamid Panahi, Steve Gebing & Cliff David -Institutional Property Advisors -Marcus & Millichap SALE PRICE: $75,100,000

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8600 East Old Spanish Trail, 2800 Mission Road & 6340 South Santa Clara Avenue

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