Hendricks & Partners brokered the sale of Belaflora, a 185-unit apartment community in Phoenix, Ariz.

The value of the transaction was $16.1 million.

The property is located at 5302 East Van Buren Ave. It was built in 2002 and offers a full complement of class A multifamily amenities. Belaflora’s average unit size is 785 square feet.

Newport Beach, Calif.-based Phoenix Belaflora Apartments LLC sold the property to Belaflora Associates LLC of Seattle, Wash.

Hendricks & Partners is a national advisory firm focused exclusively on the sale of multifamily properties.

***

Send tips, feedback or a letter to the editor to newsroom@inman.com or call (510) 658-9252, ext. 124.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Inman Connect Black Friday Sale! Bundle our next two events or secure your 2021 All Access Pass.SEE THE DEALS×
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription