Tempe Vista Apts Sell for $20.5M

Ocean Real Estate Partners and Jevan Capital sold the 186-unit Tempe Vista apartments at 2045 E. Broadway Rd. in Tempe, AZ for $20.5 million, or about $110,000 per unit, to Capital Real Estate.

Completed in 2007, the 156,280-square-foot multifamily community features a number of amenities.

Brett Polachek with Cushman & Wakefield represented the seller. The buyer handled the sale in-house.

Please refer to CoStar COMPS #4018624 for more information…
Source: Costar News