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Desert Gardens Apartment Complex Sells for $19.5M

Del Marco, LLC purchases Desert Gardens Apartments in Phoenix, AZ
By Leah Morrison
April 6, 2017 | 7:55 P.M.

Washington-based Del Marco LLC acquired the 17-building, 307-unit Desert Gardens apartment complex in Glendale from Midas Capital for $19.5 million. The garden-style apartment building delivered in 1984 is located at 13517 W. Glendale Ave. and includes a mix of units ranging from studio to - 1 bedroom apartments. The property was 99% occupied at the time of sale, according to CoStar information. Bill Hahn, Jeffrey Sherman, and Trevor Koskovich of Colliers International were the listing brokers represented the investment property for sale. Please see CoStar COMPS #3870522 for more information on this transaction.

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