Apex Off 7th Street Apts Sell for $8.7M

Pro Residential Services, Inc. sold the 104-unit Apex Off 7th Street multifamily building at 948 E. Devonshire Ave. in Phoenix, AZ for $8.7 million, or about $84,000 per unit, to Allante Properties.

Completed in 1998, the 156,280-square-foot multifamily building features a number of amenities.

Bill Hahn, Trevor Koskovich and Jesse Hudson with Colliers International represented the seller.

Please refer to CoStar COMPS #4061001for more information…
Source: Costar News