Cassidy Turley has announced the sale of the 150 unit, Class A Legacy at Prescott Lakes Apartments. Built in 1999, the property is located in the Prescott Lakes Master Planned Community at 1998 Prescott Lakes Parkway in Prescott, AZ. Clear Sky EBH, LLC (dba Clear Sky Capital Inc., Marcus Kurschat) purchased the property for $15,500,000 ($103,333.00 per unit) from Prescott Lakes I, LLC (The Bassham Trust). Cassidy Turley Executive Managing Directors David Fogler and Steven Nicoluzakis negotiated the transaction on behalf of the buyer.
“The buyer was attracted to the property because of the quality of the asset and its position as the premier apartment community in Prescott,” said Mr. Fogler. Clear Sky’s plans are for a long term hold of the property.