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Tempe Apartments Sell for $24M

PHOENIX—Newport Beach-based FPA Multifamily, LLC. purchased for more than $23.8 million Sierra Vista I and II, located at 710 and 615 S. Hardy Dr. in Tempe, from Sierra Vista Apartments, LLC of Leawood, Kansas.

By Kristian Seemeyer | Updated on June 24, 2014

PHOENIX—Newport Beach-based FPA Multifamily, LLC purchased for more than $23.8 million Sierra Vista I and II, located at 710 and 615 S. Hardy Dr. in Tempe, from Sierra Vista Apartments, LLC of Leawood, Kansas. The garden-style apartment community consists of 239 and 228 units, respectively.

Tyler Anderson, Sean Cunningham, Brian Smuckler and Jeff Seaman with CBRE‘s Phoenix office represented the seller. Bert Kempfert, also with CBRE, represented the buyer.

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