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North Phoenix Multifamily Community Sells for $58.1M
A 180-unit apartment community has sold in Phoenix for $58.1 million, according to a news release from Cushman & Wakefield, who brokered the sale of Cantamar Apartments.
The multifamily community is located in North Phoenix at 16630 N 43rd Ave. Orange County, Calif.-based SB Real Estate Partners and Los Angeles-based Marble Partners acquired the property from Cantamar Apartments Associates LLC.
David Fogler and Steven Nicoluzakis with Cushman & Wakefield’s Multifamily Advisory Group in Phoenix represented the seller in the transaction, per the release.
Cantamar is an all two-story community offering one, two and three-bedroom floorplans, with air conditioning, 9-foot ceilings, patio/balconies, walk-in closets and pet friendly units. On-site amenities include a resort-inspired pool/hot tub, clubhouse, and fitness center.
The location is convenient to the 101 and I-17 freeways as well as shopping, dining, recreation and entertainment options including Arrowhead Town Centre. There are also several major employers closely accessible.
- ◦Sale/Acquisition