PHOENIX – Colliers International in Greater Phoenix recently completed the $6.53 million sale of the 100-unit Sonoma Place, located at 11600 N. 75th Ave. in Peoria, for $65,300 a unit, or $80.33 a square foot.
Denver-based Investment Property Exchange Services acquired Sonoma Place from Mentor Properties of Scottsdale. Bill Hahn, Jeffrey Sherman and Trevor Koskovich of Colliers’ HSK Multifamily team represented both parties.
Built in 1985, Sonoma Place is a two-story apartment complex with two bedroom/two bathroom units on 7.4 acres with 81,280 net rentable square feet. Recent renovations include new interior and exterior paint, landscape enhancements, refinished countertops, improved fixtures and the installation of washers and dryers into units.
Common amenities include a swimming pool, spa, outdoor barbecues, business center, playground and large grassy courtyards.
Sonoma Place is near higher education opportunities and entertainment destinations including Glendale Community College, Arizona State University’s West Campus, Arrowhead Towne Center, Westgate Entertainment District and University of Phoenix Stadium.
About Colliers International
Colliers Internationalis a global leader in commercial real estate services, with over 13,500 professionals operating out of more than 482 offices in 62 countries. A subsidiary of FirstService Corporation, Colliers Internationaldelivers a full range of services to real estate users, owners and investors worldwide, including global corporate solutions, , property and asset management, hotel investment sales and consulting, valuation, consulting and appraisal services, mortgage banking and insightful research. The latest annual survey by the Lipsey Company ranked Colliers Internationalas the second-most recognized commercial real estate firm in the world.
Colliers International in Greater Phoenixhas served clients locally and globally for more than 30 years.
Contact: Denise D. Resnik
Tel: 602.956.8834, x 111