Berkadia announced the sale of ±10.58 acres of land situated at SWC I-17 & Pinnacle Peak in Phoenix, Arizona. Senior Managing Directors Mark Forrester and Ric Holway, Senior Director Dan Cheyne and Director Andrew Curtis of Berkadia Phoenix completed the $3.4 million sale on behalf of the seller, SWC PPR, LLC. The deal closed on November 30. The buyer is Skyport Scottsdale LLC. Et Al.
The land, situated in the Deer Valley Submarket of North Phoenix, is being planned for multifamily development.
This sale represents the 54th multifamily site the Phoenix Berkadia team has sold.