ABI Claims Second Condo Sale

PHOENIX—ABI Multifamily has brokered the bulk condominium sale of Scottsdale Haciendas, a condo conversion community that is located in Scottsdale. The purchase consisted of 79 garden-style condominium and townhome units (out of an original 180 units total on the property) and transferred HOA control to the buyer.  Scottsdale Haciendas sold for $9.25 million, which reflects a price just over $117,000 per unit. The sale is the second condominium transaction brokered by ABI Multifamily in the past week, with the two sales combining for nearly $16 million in transaction volume.

The Phoenix-based ABI Multifamily brokerage team of Doug Lazovick, Eddie Chang, John Kobierowski, Alon Shnitzer and Rue Bax represented both the seller and buyer in this transaction.