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Indigo Springs $18.5 Million Sale

Mac West Capital Purchase In Mesa
By Grant Alexander
August 26, 2002 | 8:13 P.M.

Indigo Acquisitions LLC, a company formed by Pasadena, CA-based Mac West Capital, purchased the Indigo Springs apartments located at 1464 South Stapley Drive in Mesa, AZ. The 240-unit, 222,870-square-foot multifamily property sold for $18.5 million, more than $77,080 per unit. The complex offers 90 one-bedroom/one-bath, 120 two-bedroom/two-bath, and 30 three-bedroom/two-bath units for lease. It also features a clubhouse, gym, two pools, and secured parking. Mark Forrester of Hendricks & Partners represented the seller, Indigo Springs LLC.

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