Vice President and Sales Investment Advisor, Danny Lee with SVN | Desert Commercial Advisors in Phoenix closes 2017 with three back to back sales within two weeks in December to secure his ranking as the Top Producer of 2017 at Desert Commercial Advisors.
This makes Lee’s second acknowledgement in receiving this same award within the last three years. In 2015, he was also given this award. Lee had some notable deals this year, including one of his first multifamily sales in February. Lindsay Villas Apartments sold for $2,800,000 in Mesa. The 32-unit two (2) bedroom two (2) bath units sold in 30 days from the time SVN placed it on the market. Some other notable deals followed throughout the year including The Cottages at Hayward in Phoenix. This property sold for $2,865,000 just off 19th Ave. & Northern Ave. The 1970 complex had extensive capital improvements performed to the property so the 30-unit complex sold at a great investment price to the new owner who was in a 1031 Exchange opportunity.
Although there were a few deals in between, Lee closed 2017 with a series of three sales totaling $6.3M within 2 weeks at the end of December. Lee who specializes only in multifamily investment property has energized the SVN brokerage firm with the sale of Grovers East Apartments (12/13) for $2,650,000, Bakers Apartments (12/15) for $854,000 and most recently the day after Christmas with Casa Monte Vista Apartments in Phoenix for another $2,800,000.
Lee stated, “It is a great feeling, but I do feel more pressure going into 2018.” Lee, who is one of the partners and serves as the Vice President and Investment Sales Advisor continues to push himself to do better for the company. As a procuring advisor, owner and operator, Lee wants to make sure he provides for the company as much as he can. Moving into 2018, Lee will continue to focus on deal-making and concentrate on finding properties for a few 1031 exchanges buyers.