Quail Point sells to LLC

Arizona multifamily complex high on amenities

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A limited liability company recently purchased the Quail Point Apartments in Phoenix, Ariz., for a price of nearly $15.9 million. 3 Street Financial LLC acquired the 264-unit property from New Castle Investments LLC at a cost that represents $60,038 per unit. Located at 3045 North 67th Ave., Quail Point Apartments features a mix of one- and two-bedroom units. Amenities include air conditioning, ceiling fans, controlled-access entry, covered parking lot, extra storage, fireplaces in select units, on-site laundry facility, private patio or balcony, sauna and tennis court. *** What's your opinion? Leave your comments below or send a letter to the editor. ...