Colliers International Completes $9.66 Million Sale of Indian Wells Apartments in Apache Junction

Colliers International in Greater Phoenix recently completed the sale of Indian Wells, a 176-unit Class B multifamily complex in Apache Junction, for $9.66 million, or $54,886 per unit, which is $54.88 per square foot. Sonoma Valley LLC of Scottsdale purchased the property, at 975 South Royal Palm Road, from CSFB 2004-C5 Apache Apartments, LLC a…