6
Dec
Mission Springs Apartment Homes Fetches $33.8M in Tempe
29th Street Capital purchased The Mission Springs apartment community located at 1311 W. Baseline Rd. in Tempe, AZ from Gelt, Inc. for $33.8 million, or approximately $110,000 per unit.
The 306-unit complex was sold in an off-market deal. The apartments were built in 1987 and consist of 24 buildings. The units range from one- to two-bedroom apartments ranging from 506 to 884 square feet. The apartment community also features amenities.
Jim Crews…
Source: Costar News
