Cushman & Wakefield Negotiates $17.1M Country Club Estates Sale in Flagstaff

Cushman & Wakefield of Arizona, Inc. has negotiated the $17.1M sale of Country Club Estates in Flagstaff.

The property, located at 5205 E. Courtland Blvd. and built in 1984, contains 201 units and was 95% occupied at the time of the sale. Jackson Square Properties of San Francisco sold the property to Virtu Investments of Larkspur, Calif. The sale price brought $85,075 per unit, which equates to $115.96 per square foot.

“This property represents an outstanding value-add opportunity for the buyer by rehabbing the units and taking advantage of Flagstaff’s under-supply of multi-family housing,” said Jim Crews.

Crews and Brett Polachek of Cushman & Wakefield represented the seller in the transaction.

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