Honolulu-based Hirano Enterprises has paid $10 million for an apartment complex in Phoenix, Ariz.

The seller, Gilbert, Ariz.-based Jackson Properties, unloaded the 96-unit Sun Terrace community at a price that represents $104,167 per unit.

Located at 16802 North 31st St., Sun Terrace Apartments consists of 12 two-story buildings situated on a 4.6-acre lot. Built in 2000, the apartment community features all two-bedroom/two-bathroom floor plans averaging 1,040 square feet.

Community amenities include a swimming pool and heated spa, picnic and barbeque areas surrounded by desert landscaping, assigned covered parking with additional guest parking, electronic gate access and a residential clubhouse.

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
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Prepare for this fall with top agents & brokers at Connect Now on September 21.GET YOUR TICKET×
Limited time: Get 30 days of Inman Select for $5.SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
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