Mandarina Associates lands Arizona apartments

Seattle investor adds 180 units

Don't miss the real estate event of the summer
Join 4,000 real estate pros at Connect SF, Aug 7‑11, 2017

Hendricks & Partners negotiated the sale of Mandarina, a 180-unit apartment community in Phoenix, Ariz. The value of the transaction was $15.5 million. Mandarina is located at 5402 East Washington Ave. and situated immediately adjacent to Metro Phoenix's announced light rail line. Newport Beach, Calif.-based Phoenix Mandarina Apartments LLC sold the property to Seattle, Wash.-based Mandarina Associates LLC. Built in 2001/2002, Mandarina offers a full complement of class A amenities, including 38 garages, a business center, exercise facility, volume ceilings, conference room and controlled-access gates. Hendricks & Partners is an advisory company focused exclusively on the sales of multifamily properties. *** Send a Letter to the Editor for publication.Send a comment or news tip to our newsroom. Please include the headline of the story....