Cushman & Wakefield Negotiates Sale of 240-Unit Value-Add Investment

PHOENIX, Aug. 31, 2017 – Cushman & Wakefield completed the sale of Anzio Apartment Homes, located at 1330 West Broadway Road in Tempe, Arizona. An entity formed by Laguna Point Properties, LLC of Laguna Hills, California purchased the property from WWC VII, LLC, a company formed by Western Wealth Capital of North Vancouver, British Columbia, for $25.7 million.

David Fogler and Steven Nicoluzakis of Cushman & Wakefield represented the seller.

Anzio Apartment Homes is a 240-unit, Class B garden-style apartment community located on Broadway Road at Priest Drive. Spanning 9.1 acres, the property features two swimming pools with spa, a clubhouse, business center, fitness center, basketball court, children’s playground, on-site pet park, picnic area with barbecue, gated access, secure bike storage and covered parking.

Built in 1971, the property offers one- and two-bedroom options with an average unit size of 770 square feet. Interior amenities include fully equipped kitchens, pantries, walk-in closets, ceiling fans, vertical blinds and private balconies or patios.

“The buyer was attracted to Anzio because of the large, growing job base in Tempe,” said David Fogler.

Located in the heart of Tempe, Anzio Apartments Homes provides access to major valley freeways, Arizona State University, Tempe Town Lake and Mill Avenue.

About Cushman & Wakefield

Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. Our 45,000 employees in more than 70 countries help occupiers and investors optimize the value of their real estate by combining our global perspective and deep local knowledge with an impressive platform of real estate solutions. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $6 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. 2017 marks the 100-year anniversary of the Cushman & Wakefield brand. 100 years of taking our clients’ ideas and putting them into action. To learn more, visit www.cushwakecentennial.com, www.cushmanwakefield.com or follow @CushWake on Twitter.