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Greater Phoenix Community Commands $35M

June 26, 2019

Aukum Group sold the 168-unit property, which provides easy access to the Scottsdale Airpark, the Kierland Employment Corridor and South Scottsdale. IPA represented the seller and procured the buyer.

MIG Real Estate has purchased Del Sol Apartments, a 168-unit community in Scottsdale, Ariz. Aukum Group sold the property for $34.5 million or $205,357 per unit. Institutional Property Advisors facilitated the transaction by representing the seller and procuring the buyer. According to Yardi Matrix data, the sale was subject to a $20.7 million Freddie Mac loan originated by CBRE Capital Markets. The asset last changed hands in 2013 for $20.6 million.

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