May 10, 2013

AZRE

Cassidy Turley Completes $23.6M Sale of Apartment Property in Goodyear

 

Cassidy Turley completed the sale of Broadstone Canyon Trails, a 226-unit apartment community in Goodyear.

HSL Acquisitions purchased the multi-family property at 16450 W. Van Buren St. for $23.6M ($104,535 per unit.) The seller was Broadstone Canyon Trails, LLC (Alliance Residential – Bruce Ward, Jay Hiemenz, Robert Hutt, Ian Swiergol).

Executive Vice Presidents David Fogler and Steven Nicoluzakis with Cassidy Turley Arizona’s Multi-Family Group brokered the transaction.

“The Broadstone Canyon Trails is a ‘Best in Class’ asset that will provide HSL competitive growth throughout their term of ownership,” according to Steven Nicoluzakis.

Developed by Alliance Residential in 2008, Broadstone Canyon Trails includes three one-bedroom, three two-bedroom and one three-bedroom floorplan in the garden-style apartment community.

The complex has a resort-inspired pool and spa, fitness center, conference/business center, theatre room, multimedia/billiards room and cyber café and outdoor entertaining ramada and children’s playground.