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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.

If you feel this is the right time to invest in an Apartment Building or Triple Net Lease Properties then contact us, HERE. Net Lease Properties can also assist with your Commercial Real Estate Mortgage to purchase it.

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When you are purchasing Commercial Real Estate or a "NNN" Triple Net Leased Property, you can apply for CTL Financing, Non Recourse Loans and Commercial Loans at Loanrise.com.


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