NAI Horizon Represents Sale of Galeria Del Rio, a 101 Unit Apartment Community in Tucson, Arizona
PHOENIX, ARIZONA – 04/04/16 – Justin Lanne and Mike Chapman of the NAI Horizon Tucson Multi Family Brokerage Team have sold the Galeria Del Rio, a 101 Unit apartment community located at 5132 Prairie Clover Trail, Tucson, Az. The Purchaser was an entity of Rincon Partners LLC (CPG Capital LLC) based in Scottsdale, AZ. The Seller was River Commons LLC located in Tucson. The property was completed in December 2014. The purchase price was $19,300,000 ($191,089 per unit) ($121.50 per square foot) the highest price per unit ever paid for a conventional market product in Tucson’s multifamily sales history.
Galeria Del Rio consists of 3 and 4 Bedrooms, and 2.5 Bathrooms designed signature rental townhome style units. All units contain 2 Car attached garages, granite countertops, breakfast bars, elegant wood cabinets, black kitchen appliance packages and brushed nickel fixtures. The average unit size is 1,573 square feet, which are the largest floor plans for conventional rental communities in all of Pima County.
Contact at NAI Horizon Justin Lanne 520-907-3470 or Mike Chapman 520-591-5188
About NAI Horizon
Exceptional global commercial real estate solutions begin with local market leadership and expertise. Established in 1992, NAI Horizon is a full-service commercial real estate company serving Arizona with offices located in Phoenix and Tucson. NAI Horizon is passionate about the commercial real estate business, providing Brokerage, Property Management and Appraisal Services for local, national and international clients. NAI Horizon is a member of the NAI Global commercial real estate network providing real estate solutions to 375 offices in 55 countries worldwide. For more information visit www.naihorizon.com.
About NAI Global
NAI Global is the single largest, most powerful global network of owner-operated commercial real estate brokerage firms. NAI Global provides a full range of corporate real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services. NAI Global Member firms, leaders in their local markets, are actively managed to work in unison and provide clients with exceptional solutions to their commercial real estate needs. Founded in 1978, today NAI Global has more than 375 offices strategically located throughout North America, Latin America, Europe and Asia Pacific, with over 6,700 local market professionals, managing over 380 million square feet of property. Supported by the central resources of the NAI Global network, Member firms deliver market-leading services locally
and combine their in-market strengths to form a powerful bond of insights and execution for clients with multi-market challenges.
NAI Global was acquired in 2012 by C-III Capital Partners, a commercial real estate services company engaged in a broad range of activities, including primary and special loan servicing, loan origination, fund management, CDO management, principal investment, title services and multifamily property management.
To learn more, visit www.naiglobal.com.
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