North Scottsdale Centerra Apartments sold for $36.25M
Independent Newsmedia
Posted 10/28/19
Cushman & Wakefield recently announced Phoenix-based RP 115, LLC sold Centerra Apartment Homes, 11100 N. 115th Street in Scottsdale for $36.25 million.
You must be a member to read this story.
Join our family of readers for as little as $5 per month and support local, unbiased journalism.
Current print subscribers can create a free account by clicking here
Otherwise, follow the link below to join.
To Our Valued Readers –
Visitors to our website will be limited to five stories per month unless they opt to subscribe. The five stories do not include our exclusive content written by our journalists.
For $6.99, less than 20 cents a day, digital subscribers will receive unlimited access to YourValley.net, including exclusive content from our newsroom and access to our Daily Independent e-edition.
Our commitment to balanced, fair reporting and local coverage provides insight and perspective not found anywhere else.
Your financial commitment will help to preserve the kind of honest journalism produced by our reporters and editors. We trust you agree that independent journalism is an essential component of our democracy. Please click here to subscribe.
Need to set up your free e-Newspaper all-access account? click here.
Non-subscribers
Click here to see your options for becoming a subscriber.
Register to comment
Click here create a free account for posting comments.
Note that free accounts do not include access to premium content on this site.
I am anchor
North Scottsdale Centerra Apartments sold for $36.25M
Posted
Independent Newsmedia
Cushman & Wakefield recently announced Phoenix-based RP 115, LLC sold Centerra Apartment Homes, 11100 N. 115th St. in Scottsdale, for $36.25 million.
The buyer was Phoenix-based Tanbic Edgehill Centerra Apartments, LLC, an entity formed by Ryan and Anthony Francisco with Edgehill Investments and Tanner Bickelhaupt with Tanbic Investments, according to a press release.
Built in 1986, Centerra Apartment Homes is a recently renovated 202-unit garden-style apartment community. The property offers one- and two-bedroom apartments, averaging 746 square feet.
The apartments feature stainless steel appliances, granite countertops, new cabinetry in kitchens and baths, walk-in closets, wood-style flooring, washer/dryers and private patios/balconies.
Community amenities include a two resort-style pools and spas, fire pit with surrounding seating, barbecue/picnic area, new fitness center, new leasing/business center and an off-leash dog park.
David Fogler and Steven Nicoluzakis of Cushman & Wakefield represented the seller in the transaction, a release states.
“This north Scottsdale location is a very supply constraint area that will provide these buyers a durable investment with excellent potential for growth in the future,” Mr. Nicoluzakis said in a prepared statement.
