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Wednesday, May 23, 2012 Multi-Family
Transwestern's Matt Lockin and Bobby Bull represented the seller in the transaction. Located at 333 E. Van Buren St., the Mountain View Apartments contain 150 units and sold with a 6.4 percent capitalization rate. Built in 1984 on 4.59 acres, the 15-building complex sits is comprised of studios, as well as one and two-bedroom units. It was 99 percent occupied at the time of sale. Avondale is located approximately 15 miles west of Phoenix and has a population of 75,403, according to the U.S. Census Bureau. Bull is a managing director in Transwestern's Phoenix office and specializes in multi-family investment sales and land brokerage. He is a former employee of Trammell Crow and a graduate of New Mexico State University. Lockin, a sales associate, specializes in investment sales of multi-family properties, land parcels, condominium conversions and redevelopment opportunities. Prior to joining Transwestern, Mr. Lockin was a registered broker with Charles Schwab Co. and is a graduate of the University of Michigan. Address: 333 E. Van Buren St., Avondale, Ariz. Size: 150 units Built: 1984 Filed Under: Multi-Family E-mail this article to a friend | Printer friendly format| DIGG this| Post to del.icio.us Comments on this article
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