Royal Village, a 156-unit apartment community in Glendale, sold for $19.8 million.
Located at 6060 W. Royal Palm Road, the property totals 109,716 square feet and sits on 4.23 acres. The three-story community, originally built in 1985, features one-, two- and three-bedroom floorplans that range in size from 450 to 1,070 square feet. Community amenities include a swimming pool, BBQ/picnic area, clubhouse and covered parking.
The community is located four blocks west of I-10 and just north of Northern Avenue. The property is located within 15 minutes of the Westgate Entertainment District, Gila River Arena and State Farm Stadium.
The CBRE team of Brian Smuckler, Jeff Seaman, Derek Smigiel and Bryson Fricke in Phoenix represented the seller, G&B Investments, LLC, and the buyer, Tides Equities LLC, in the transaction.