La Estrella Vista Apartments, a 96-unit multifamily community in Phoenix, was purchased by a CA-based private investor for $16.75 mil, or $174k per unit. The property was sold by Next Wave Investors LLC, who acquired acquired the asset in May 2019 for $13.175 mil.
La Estrella Vista Apartments, which was built in two phases in 2008 and 2014, is separately parceled as fourplexes and includes all three-bedroom units. The property is located in close proximity to many major transportation corridors such as Interstate 10, Loop 101 Highway 60, and Loop 202, providing residents with easy access to the entire Phoenix Valley. The community is also situated near several diverse employers and numerous retail, dining, and entertainment options.
Article Source: Rentv.com