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City 15 Trades for $11M

PHOENIX—Mica Creek-Sagamore Capital Partners of Phoenix sold City 15 to Retirement Concepts of Vancouver, B.C., Canada. The $10.85 million sale price brought $67,391 per unit, which equates to $102 per square foot.

By Kristian Seemeyer | Updated on July 02, 2014

PHOENIX—Mica Creek-Sagamore Capital Partners of Phoenix sold City 15 to Retirement Concepts of Vancouver.  The $10.85 million sale price brought $67,391 per unit, which equates to $102 per square foot.

City 15 a multifamily property located at 4728 N. 15th St. The property was built in 1969 and contains 26 buildings with 161 units. It was 96% occupied at the time of the sale. Cushman & Wakefield of Arizona, Inc. negotiated the sale.

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