PHOENIX—Cushman & Wakefield has closed on the $19.5 million sale of Anzio Apartments on behalf of owner Gelt Inc., dba Gelt Broadway Holdings LLC of Tarzana, CA.
Jim Crews and Brett Polachek with Cushman & Wakefield's southwest multifamily advisory group negotiated the sale to WWC Holdings LLC of Vancouver.
Located at 1330 W. Broadway Rd. in Tempe, the complex was constructed in 1971 and features 240 apartment units totaling 184,746 square feet. The property, which includes 13 buildings, is 95% occupied.
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