21 September 2018

$149M Sale of Siena Apartments Here In Mesa: Seller + Buyer Un-Dislosed

Kasten Long Commercial Negotiates $49M Sale of Apartment Community in Mesa, Arizona
Posted on by in Acquisitions, Arizona, Multifamily, Western
 
MESA, ARIZ. — Kasten Long Commercial Group has arranged the sale of Siena Apartments, a multifamily property located at 4520 E. Baseline Road in Mesa. An undisclosed buyer acquired the 291,000-square-foot property for $49 million, or $139,205 per unit.
Built in 1986, the 352-unit property features 160 one-bedroom/one-bath units, 168 two-bedroom/one-bath and 24 three-bedroom/two-bath units, with an average square footage of 827.
Linda Fritz-Salazar and Scott Trevey of Kasten Long Commercial negotiated the transaction. The name of the seller was not released.
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