Avia 266 in Phoenix Trades for $45.3M

Geringer Capital has acquired Avia 266 from Thayer Manca Residential for $45.3 million. The 266-unit property is located in Phoenix.

Located at 2354 W. University Drive in the Mesa submarket of Phoenix, Avia 266 features two swimming pools, 24-hour fitness facility, resident clubhouse, outdoor gaming space with bocce ball court, parcel pending locker for resident packages, and a dog park. Large one- and two-bedroom units have well-appointed kitchens, walk-in closets, full-size washer/dryers, and private patios or balconies.

CBRE’s Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch of Phoenix multifamily institutional properties represented the seller.