Phoenix Townhome Community Sells for $33.5Mln

Phoenix Townhome Community Sells for $33.5Mln

Phoenix Townhome Community Sells for $33.5Mln 393 107 Next Wave Investors

FSO Capital Partners has paid $33.5 million, or $598,214/unit, for the 56-unit Park Central Luxury Townhomes in Phoenix.

The local private equity firm purchased the property from Next Wave Investors LLC of San Clemente, Calif., which had acquired it last year for $25.5 million.

Article Source: Commercial RealEstate Direct

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