Bascom Arizona Ventures, in a joint venture with Rockwood Capital, acquired Club Oasis, a 460-unit apartment complex in Chandler, Ariz.

The value of the transaction was approximately $25.8 million.

The property, located at 102 West Palomino Drive, was built in 1985. The 19.2-acre site features three swimming pools and spas, a playground, a clubhouse, two laundry facilities, a fitness center and a stand-alone leasing office. The community is comprised of 31 residential buildings. Club Oasis’s apartment homes consist of four different floor plans ranging from 600-square-foot, one-bedroom units up to the 927-square-foot, two-bedroom/two-bath units.

The seller of the property was not disclosed.

Anaheim, Calif.-based Commercial Services Building Inc. will be providing the renovation work for Club Oasis.

Irvine, Calif.-based Bascom is an active buyer of multifamily properties throughout Arizona, California, Hawaii and the Pacific Northwest.

***

What’s your opinion? Send your Letter to the Editor to opinion@inman.com.

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
×
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