CBRE has negotiated two multi-family transactions totaling $3.25 million. Brian Smuckler and Jeff Seaman with CBRE Phoenix’s Multi-Housing Private Capital Group represented both parties in each transaction.
Casa Monte Vista
Casa Monte, LLLP of Vancouver, British Columbia, Canada has purchased Casa Monte Vista, a 45-unit property located at 120 W. Dobbins Rd. in Phoenix, from Reliant Investments US, Inc. also of Vancouver. The asset commanded a sale price of $1.55 million.
Sacramento, Calif.-based LCP Equity Partners, LLC has purchased Tempe Gardens, a 36-unit property located at 121 E. Broadway Rd. in Tempe, Ariz. The seller was Tempe Gardens 36, LLC of Los Angeles, Calif. The property commanded a sale price of $1.7 million.