Search
 

$525,000 Claims Value-Add Multifamily Asset

PHOENIX-The eight-unit Diamond Hall Apartments changes hands in an off-market deal between private local investors. The buyer was eyeing the entire block, but ends up getting just the fully leased, 50-year-old Diamond Hall.

By Amy Wolff Sorter | Updated on September 16, 2005

PHOENIX-With local investors on both sides of the deal, the eight-unit Diamond Hall Apartments has sold for $525,000 in an off-market transaction.

The 50-year-old Diamond Hall at 402 W. Earll Dr. was 100% occupied when Earll Drive Apartments LLC took the deed from Diamond Hall Apartments LLC. Dan Dulin and Eric Wolfe with Marcus & Millichap Real Estate Investment Brokerage Co.’s Phoenix office brokered the sale.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 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.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.