Login

Investors Buy 348-Unit Scottsdale Multifamily for $61M

Almon Investment Group Sold San Mateo Apts.; $7M Condo Conversion Planned
By Phillip Majarucon
September 16, 2005 | 5:38 P.M.

The Plaza Residences LLLP acquired the 348-unit San Mateo Apartments at 7009 E. Acoma Drive in Scottsdale $61 million, or about $175,300 per unit. The buyer has plans to convert the complex into condominiums, at a cost of $7 million.

This news story is available exclusively to CoStar subscribers.

Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.

This news story is available exclusively to CoStar subscribers.

Ready to Learn More?

Sign Up For a Personalized Demo.

Sign Up For a Demo To Learn More.

Already A Subscriber? Sign In

IN THIS ARTICLE


News | Investors Buy 348-Unit Scottsdale Multifamily for $61M