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Marcus & Millichap Brokers $21M West Central Phoenix MF Asset Sale
Marcus & Millichap completed the $20.7 million sale of Desert Willow, a 280-unit multifamily property in Phoenix. Marcus & Millichap’s Pete Te Kampe exclusively marketed the property on behalf of the seller, a small group of long-term investors who have been represented by Te Kampe on numerous transactions since 1998.
Te Kampe says, “The seller was looking to capitalize on opportunities in other markets. The property was on the market for just over a month when an offer came in that the seller ultimately accepted. Even in the wake of the current global health crisis, property revenue held steady and even increased.”
The unnamed buyer plans to implement renovations that will cater to a severely underserved segment of the rental demographic in this submarket, notes Te Kampe.
Located at 2025 West Indian School Rd., the property features a garden-style design and desert-friendly landscaping. Built in 1973, the 133,308-square-foot asset consists of 128 studios, 144 one-bedroom units, four two-bedroom/one-bath units, and four two-bedroom/two-bath units.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition

