CBRE Capital Markets has completed the $35.15M sale of Legends at La Paloma, a 312-unit luxury multifamily community located at 3750 E. Via Palomita in Tucson.
Senior vice president Michael Sandahl in CBRE’s Tucson office, along with vice chairmen Tyler Anderson and Sean Cunningham, and associate Asher Gunter of Phoenix, represented the seller, a fund managed by Eaton Vance Management, in the transaction, which is the largest apartment sale in metropolitan Tucson this year.
The buyer was NALS West LLC, an affiliate of Nevins Adams Lewbel Schell in Santa Barbara, Calif., which also has a regional office in Scottsdale.
Located among luxury homes and destination resorts in Tucson’s Catalina Foothills, Legends at La Paloma is a premier multi-family community offering resort-style living and spectacular mountain and city views. The community has a heated swimming pool and spa, a resident clubhouse, fitness center and outdoor fireplace, barbecue and picnic area. Individual units have spacious nine-foot ceilings, full-size washers and dryers, fully appointed kitchens, wood-burning fireplaces and private patios or balconies.
Legends at La Paloma was built in 1995 by Evans Withycombe, which developed and managed upscale apartment communities in Arizona.