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468-Unit Multifamily Trades for $13M

PHOENIX—Resort on 27th LLC of Los Angeles purchased Willow Springs Apartments, located at 4715 N. 27th Avenue, from MLCFC 2007-7 North 27th Avenue LLC of Miami Beach.

By Kristian Seemeyer | Updated on April 01, 2015

PHOENIX—Resort on 27th LLC of Los Angeles purchased Willow Springs Apartments, located at 4715 N. 27th Avenue, from MLCFC 2007-7 North 27th Avenue LLC of Miami Beach. Colliers International in Greater Phoenix completed the sale of the 468-unit, class C apartments in Phoenix for $13.25 million or $28,312 per unit ($42.66 per square foot).

Bill Hahn, Jeffrey Sherman, and Trevor Koskovich, executive vice presidents with Colliers International‘s HSK Multifamily Southwest Team, represented both buyer and seller. 

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