Bruce Hanley represented Clear Sky Capital Partners in the acquisition of the 44-unit Fort Valley Apartments in Flagstaff, AZ for $3,650,000. The seller was Fort Valley Apartments LLC. Fort Valley Apartments is a class “B” property built in 1966 with units averaging 1,002 SF/each. Located in close proximity to Northern Arizona University and Arizona Snowbowl ski resort. Flagstaff is a growing market with the presence of Northern Arizona University, a growing Baby-Boomer population, and limits on future land-development. Multifamily properties are at a premium in this market, with rents reaching as high as $3.25 per square foot.
![](https://azbigmedia.com/wp-content/uploads/2015/11/Sold-sell-sale.jpg)
2015-11-18T15:50:35-07:00
Fort Valley Apartments sell for $3.65M
Related Posts
-
206 acres of land in Avondale sells for $247 million - Read Article 206 acres of land in Avondale sells for $247 million
2024-07-26T15:40:36-07:00 -
Kimley-Horn opens new location at Union office development in Mesa - Read Article Kimley-Horn opens new location at Union office development in Mesa
2024-07-26T10:50:00-07:00 -
Construction begins on $100 million Northside at SanTan Village - Read Article Construction begins on $100 million Northside at SanTan Village
2024-07-26T09:45:53-07:00