US EditionIPA Negotiates $25.5M Sale of 208-Unit Monte Vista Multifamily Property in Glendale, Arizona
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IPA Negotiates $25.5M Sale of 208-Unit Monte Vista Multifamily Property in Glendale, Arizona
GLENDALE, ARIZ. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of Monte Vista, an apartment community in Glendale. A workforce and affordable housing fund acquired the asset from a private seller for $25.5 million, or $122,596 per unit. Built in 1985, Monte Vista features 208 apartments, a swimming pool, laundry facility and covered parking. Apartments offer washer/dryer connections, dishwashers …
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