TUCSON—Berkadia facilitated the sale of Avilla River, located at 1000 W. River Rd. in Tucson. The seller was Alta Vista Communities RR LLC, of Tucson; the buyer was Amherst Exchange Corporation of Santa Barbara.
Berkadia senior partner Art Wadlund and associate Clint Wadlund of the Tucson office negotiated the transaction. Avilla River sold for $11.4 million. The sales price reflects a per-unit price of $150,000, or $153 per square foot.
Built in 2013, the class A, 76-unit property features one-, two- and three-bedroom floor plans. The two- and three-bedroom apartments are stand-alone units. Each unit features fully equipped kitchens, washers, dryers, air conditioning, 10-foot ceilings, patio, and cable and internet access.
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