9
Feb
Mission Palms Apt. Complex Flips for $16M in Phoenix
Clear Sky Capital, a local private equity investment firm, sold the 125-unit Mission Palms apartment complex at 6131 N. 16th St. in Phoenix to a private investor for $16 million, or $128,000 per unit.
Mission Palms comprises one- and two-bedroom units ranging from 613 to 1,100 square feet. The 10-building, garden-style multifamily complex is 100 percent occupied.
David Fogler and Steve Nicoluzakis, executive managing directors of Cushman…
Source: Costar News
