Arizona multifamily complex sells for nearly $25 million

Hendricks & Partners negotiated the sale of Sandbridge, a 300-unit apartment community in Mesa, Ariz.

The value of the transaction was approximately $25 million.

Sandbridge, located at 5332 East Baseline Road, was built in 2002 and is situated within Inverness Commons Business Park.

Sandbridge’s units average 893 square feet and offer class A amenities.

San Diego-based Fairfield Higley Road LP sold the property to Dublin, Ohio-based CTA Ventura No. 15 LLC.

Hendricks & Partners is an advisory firm focused exclusively on the sale of multifamily properties.