ORION Investment Real Estate sold West Glen, a one- and two-story apartment community located at 911 & 917 West Glendale Avenue in Phoenix, for $2,750,000 ($72,368/unit). Constructed in 1954, 1959 and 1963, West Glen is comprised of 38 rental units, which includes a single-family residential home. The property is located in the Central Corridor of Phoenix, with Glendale Avenue frontage. The complex was 100% occupied at close of escrow.
Zack Mishkin of ORION Investment Real Estate remarked, “West Glen was a great asset because it provides the new Owner with immediate cash flow, the ability to drastically improve that cash flow, and numerous exit strategies.” Mishkin represented the Buyer, Yotam Shochat at NOY Investments, LLC. The Seller, Cal DeSouza at Sonoma West Villas LLLP, was represented by Bill Hahn at Colliers HSK Multifamily.
