PHOENIX—Colliers International in Greater Phoenix recently completed the sale of Dobson Springs, a 120-unit, class B apartment complex, for $9.12 million, or $76,000 per unit.

The Standard-Mesa, LLC, of Denver purchased the complex, located at 1325 W. Guadalupe Rd. in Mesa, from Synergy Dobson Springs LP in Phoenix.

Bill Hahn, Jeffrey Sherman and Trevor Koskovich, senior vice presidents with Colliers International's HSK Multifamily, served as the brokers for the buyer and the seller.

Continue Reading for Free

Register and gain access to:

  • 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
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.