Desert Wind deal tops $13M

More than 200 multifamily units involved

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The Desert Wind Apartments, a two-property complex in Phoenix, Ariz., recently sold for $13.7 million. Desert Wind Apartments consists of two separate properties -- one with 80 units and one with 136 units -- located directly across the street from each other at 4140 and 4141 West McDowell Road. Constructed in 1987, the complex encompasses 136,976 rentable square feet spread across 6.9 acres. Private investor Richard Nathan sold the asset to Florin Ianc at a price that represents $63,426 per unit and $100 per square foot. ...