The Chicago investors, made up of Val and Nita Trif, and Viorel and Janice Motiu, purchased the Woodglen Apartments, a 123-unit complex at 4251 N. 21st Ave. The sale equates to just more than $26,000 a unit.
The Woodglen Apartments, built in 1978, are located on 8.5 acres . The complex was 85 percent occupied at the time of the sale.
Turney Avenue LP of Phoenix was the seller.
The Phoenix office of CB Richard Ellis represented the seller in the transaction, while the buyers represented themselves.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
