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Monday, April 19, 2010

Apartment Complex Sells For $16.75 Million

Casa Grande, AZ - An Apartment Building Investment, Desert Sands, has sold. Desert Sands is a 323-unit Apartment complex in Casa Grande, Arizona. This Apartment Investment was purchased by a Tucson investment entity for $16.75 mil (which amounts to $51.9k per unit). The property, Desert Sands, is located at 720 West O’Neil Drive, north of I-8 and west of I-10. This Apartment Building is about 50 miles south of Phoenix.

Desert Sands was constructed in 2008. Desert Sands is comprised of two-story, garden-style buildings housing a mix of one, two, and three bedroom units with an average size of 948 square feet. This Apartment Complex Community amenities include a clubhouse, lighted basketball court, fitness center, two swimming pools, children's playground, and laundry facility.
Apartment homes feature balconies or patios with extra storage, washer and dryers, walk-in closets and air conditioning. Desert Sands Apartments have fully-equipped kitchens including dishwashers, microwaves, frost-free refrigerators with ice makers, garbage disposals, and ovens.

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