Phoenix, AZ – December 6, 2011 – (RealEstateRama) — Sperry Van Ness – SVN Partners in Greater Phoenix announced the sale of the 97- unit Country Park Villas Apartments, located at 1248 South Vineyard in Mesa, Arizona for $2.25 million, or approximately $23,000 per unit.
The 72,549-square-foot multifamily community was built in 1971 and consists of 16 one-bedroom and 81 two-bedroom units. The property is located within a short walk from Fiesta Mall.
The sale was a non-performing loan and was closed in twenty days. The property was previously purchased in May 2006 for $4.95 million.
The transaction was negotiated by Neil Sherman and Danny Lee of Sperry Van Ness – SVN Partners on behalf of the buyer and seller.
About Sperry Van Ness – SVN Partners
Sperry Van Ness – SVN Partners is a full-service commercial real estate services firm providing comprehensive expertise in investment brokerage, leasing, landlord/tenant representation, analysis/valuation and market research. We specialize in multifamily, retail, office, medical/dental, and restaurant property types.
Our goal is to provide the highest level and broadest selection of services by leveraging industry knowledge through strategic partnerships and crafting our skills to pursue every viable opportunity to deliver the best results for our clients.