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Phoenix & Southwest  + Phoenix  + Apartments  | 

Ezralow Company Sees Value of Cactus Forty-2

Cactus Forty-2, a 200-unit class-A apartment community located at 4242 East Cactus Rd. in the Paradise Valley area of Phoenix, was recently acquired by Los Angeles area-based Ezralow Company LLC for $56.05 million. The seller was Fort Worth-based Olympus Property.

The property is located near the soon-to-be renovated Paradise Valley Mall.

David Fogler and Steven Nicoluzakis with Cushman & Wakefield’s multifamily advisory group in Phoenix represented the seller in the transaction.

“The community has been very well-maintained since first developed in 2014,” said Fogler.

Cactus Forty-2 consists of studio, one-bedroom and two-bedroom units featuring 9-foot ceilings, stainless steel kitchen appliances, granite countertops and large soaking tub in the bathrooms. Units also include full-size washer/dryers with private patios/balconies available in some floorplans.

Cactus Forty-2 fronts the highly trafficked Cactus Road with access to entertainment, shopping and dining venues in North Scottsdale and North Phoenix. The location is also convenient to SR-51.

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About Lisa Brown

Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM. In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.

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