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.

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