A California investor has paid approximately $9.6 million in cash for a 135-unit apartment complex in Glendale, Ariz.

Tom Behr, a private investor based in San Diego, bought the Glenridge Apartments from an unidentified entity. The sales price represents $70,925 per unit or $101 per square foot.

Located at 13610 North 51st Ave., the 11-building asset encompasses 94,644 square feet. Built in 1985, the 5.7-acre property includes 205 parking spaces, 135 of which are covered. The asset consists of two- and three-story buildings with a variety of unit amenities, including air conditioners, dishwashers and garbage disposals.

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Thank you for subscribing to Morning Headlines.
Back to top